Sargent Investment Group LLC raised its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,506 shares of the financial services provider's stock after buying an additional 2,903 shares during the quarter. FirstService makes up approximately 0.8% of Sargent Investment Group LLC's portfolio, making the stock its 28th biggest position. Sargent Investment Group LLC owned approximately 0.06% of FirstService worth $4,999,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc purchased a new stake in FirstService during the 4th quarter valued at approximately $29,000. Trust Co. of Vermont acquired a new position in shares of FirstService in the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FirstService during the third quarter worth approximately $53,000. Venturi Wealth Management LLC acquired a new stake in shares of FirstService during the third quarter worth $66,000. Finally, Blue Trust Inc. grew its position in FirstService by 158.2% in the 4th 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 currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on FSV. Scotiabank increased their target price on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 15th. TD Securities increased their price objective on FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. StockNews.com raised FirstService from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Stifel Nicolaus increased their price target on shares of FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, Raymond James raised their price objective on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $201.67.
Get Our Latest Research Report on FirstService
FirstService Trading Up 0.9 %
FirstService stock traded up $1.60 during midday trading on Friday, reaching $173.03. The stock had a trading volume of 181,965 shares, compared to its average volume of 142,644. The stock has a market capitalization of $7.83 billion, a PE ratio of 58.26 and a beta of 1.06. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The stock's 50-day simple moving average is $183.71 and its 200 day simple moving average is $181.78. FirstService Co. has a twelve month low of $141.26 and a twelve month high of $197.84.
FirstService Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, March 31st will be issued a dividend of $0.275 per share. This is a positive change from FirstService's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.10 annualized dividend and a dividend yield of 0.64%. FirstService's payout ratio is presently 33.67%.
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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