TD Waterhouse Canada Inc. increased its stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 18.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 83,485 shares of the financial services provider's stock after purchasing an additional 13,092 shares during the period. TD Waterhouse Canada Inc. owned 0.18% of FirstService worth $14,543,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of FirstService in the fourth quarter worth $29,000. Trust Co. of Vermont purchased a new position in FirstService in the fourth quarter worth about $46,000. Wilmington Savings Fund Society FSB purchased a new stake in FirstService in the 3rd quarter worth approximately $53,000. Natixis increased its stake in FirstService by 5,511.1% in the 4th quarter. Natixis now owns 505 shares of the financial services provider's stock worth $91,000 after buying an additional 496 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of FirstService by 158.2% during the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after buying an additional 446 shares during the last quarter. 69.35% of the stock is owned by institutional investors.
FirstService Price Performance
Shares of NASDAQ FSV traded down $0.87 during midday trading on Thursday, hitting $171.84. The stock had a trading volume of 104,495 shares, compared to its average volume of 108,734. The stock has a 50 day simple moving average of $169.85 and a 200-day simple moving average of $179.56. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $7.81 billion, a PE ratio of 57.86 and a beta of 1.04. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.05). FirstService had a return on equity of 17.15% and a net margin of 2.58%. On average, sell-side analysts expect that FirstService Co. will post 5.27 EPS for the current fiscal year.
FirstService Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were paid a $0.275 dividend. This is a boost from FirstService's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.10 annualized dividend and a dividend yield of 0.64%. FirstService's dividend payout ratio is 37.04%.
Wall Street Analysts Forecast Growth
FSV has been the subject of several analyst reports. StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Raymond James boosted their price objective on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. TD Securities lifted their price target on FirstService from $197.00 to $198.00 and gave the stock a "hold" rating in a research report on Tuesday. Finally, Scotiabank lowered their target price on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, FirstService currently has an average rating of "Moderate Buy" and a consensus price target of $206.00.
Check Out Our Latest Research Report on FSV
About FirstService
(
Free Report)
FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.
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