Argent Capital Management LLC Invests $1.72 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Argent Capital Management LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,054 shares of the construction company’s stock, valued at approximately $1,719,000.

Other hedge funds also recently modified their holdings of the company. Diversified Trust Co acquired a new stake in Comfort Systems USA in the fourth quarter valued at about $2,998,000. Zacks Investment Management boosted its stake in shares of Comfort Systems USA by 26.2% in the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock valued at $3,376,000 after purchasing an additional 1,795 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at approximately $1,484,000. WCM Investment Management LLC increased its position in Comfort Systems USA by 16.5% during the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after purchasing an additional 14,090 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Comfort Systems USA in the 3rd quarter valued at approximately $940,000. Institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the sale, the director now owns 5,498 shares of the company’s stock, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock worth $15,431,250 in the last three months. 1.80% of the stock is owned by insiders.

Comfort Systems USA Stock Up 5.7 %

Shares of NYSE FIX opened at $493.11 on Thursday. Comfort Systems USA, Inc. has a one year low of $198.30 and a one year high of $510.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The business’s fifty day moving average price is $460.49 and its 200-day moving average price is $389.66. The stock has a market capitalization of $17.55 billion, a PE ratio of 37.73 and a beta of 1.23.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $2.74 earnings per share. Comfort Systems USA’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. Northcoast Research initiated coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, UBS Group lifted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus price target of $493.50.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.