Comfort Systems USA, Inc. $FIX Shares Purchased by Argent Capital Management LLC

Key Points

• Argent Capital Management LLC significantly increased its stake in Comfort Systems USA, purchasing an additional 6,017 shares, bringing their total holdings to 9,719 shares valued at approximately $5.21 million.
• Equities analysts have varied outlooks on the stock, with price targets ranging from $512 to $875, and an average rating of "Buy" from multiple analysts.
• Comfort Systems USA recently increased its quarterly dividend from $0.45 to $0.50 per share, reflecting a commitment to returning value to shareholders despite significant insider selling.

Argent Capital Management LLC boosted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 162.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,719 shares of the construction company's stock after purchasing an additional 6,017 shares during the period. Argent Capital Management LLC's holdings in Comfort Systems USA were worth $5,211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC lifted its position in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares during the period. Stone House Investment Management LLC acquired a new stake in Comfort Systems USA in the first quarter valued at about $31,000. Versant Capital Management Inc lifted its position in Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares during the period. Finally, Brooklyn Investment Group lifted its position in Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an "outperform" rating for the company. UBS Group raised their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Northcoast Research downgraded shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research report on Monday, July 28th. DA Davidson lifted their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $668.60.

Insider Buying and Selling at Comfort Systems USA

In related news, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total transaction of $964,460.50. Following the transaction, the chief accounting officer owned 16,023 shares in the company, valued at approximately $11,288,203.50. The trade was a 7.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 8,436 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the completion of the transaction, the chief financial officer owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,783 shares of company stock worth $18,710,798. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Up 2.9%

FIX stock opened at $820.99 on Tuesday. The stock has a market capitalization of $28.96 billion, a P/E ratio of 42.19 and a beta of 1.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $824.29. The company has a 50 day moving average price of $689.37 and a two-hundred day moving average price of $519.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping the consensus estimate of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Comfort Systems USA's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.74 EPS. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.28%.

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.

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