Argent Capital Management LLC Acquires New Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Argent Capital Management LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,054 shares of the construction company's stock, valued at approximately $1,719,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIX. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA in the 3rd quarter worth about $38,000. V Square Quantitative Management LLC increased its holdings in Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock worth $49,000 after purchasing an additional 47 shares in the last quarter. True Wealth Design LLC acquired a new position in Comfort Systems USA in the 3rd quarter worth about $53,000. Finally, Contravisory Investment Management Inc. increased its holdings in Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock worth $59,000 after purchasing an additional 85 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company's stock, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on FIX shares. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Northcoast Research started coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a "buy" rating and a $525.00 target price for the company. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a "buy" rating and a $524.00 price target on the stock. Finally, UBS Group upped their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research report on Monday, December 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $493.50.

Comfort Systems USA Trading Up 2.3 %

Shares of Comfort Systems USA stock traded up $11.35 on Thursday, hitting $505.25. 425,282 shares of the company's stock traded hands, compared to its average volume of 387,737. 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 company has a fifty day moving average of $460.49 and a two-hundred day moving average of $389.66. The company has a market capitalization of $17.98 billion, a price-to-earnings ratio of 38.66 and a beta of 1.23.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results 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 return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company earned $2.74 EPS. The firm's revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share 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 paid a dividend of $0.35 per share. This is an increase 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 was Thursday, November 14th. Comfort Systems USA's dividend payout ratio is 10.71%.

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.