Triasima Portfolio Management inc. purchased a new stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 15,556 shares of the financial services provider's stock, valued at approximately $2,816,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Versant Capital Management Inc bought a new stake in shares of FirstService in the 4th quarter worth $29,000. Trust Co. of Vermont purchased a new position in FirstService in the 4th quarter worth about $46,000. Wilmington Savings Fund Society FSB bought a new position in FirstService during the 3rd quarter valued at about $53,000. Venturi Wealth Management LLC purchased a new stake in shares of FirstService during the 3rd quarter valued at about $66,000. Finally, Blue Trust Inc. boosted its holdings in shares of FirstService by 158.2% during the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after acquiring an additional 446 shares during the last quarter. Institutional investors own 69.35% of the company's stock.
FirstService Price Performance
Shares of NASDAQ:FSV traded down $2.61 during mid-day trading on Tuesday, reaching $174.40. The stock had a trading volume of 43,186 shares, compared to its average volume of 131,676. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The business's 50 day moving average price is $182.99 and its 200 day moving average price is $182.09. The company has a market cap of $7.89 billion, a P/E ratio of 58.69 and a beta of 1.06. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84.
FirstService Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, March 31st will be given a dividend of $0.275 per share. This is an increase from FirstService's previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. FirstService's dividend payout ratio (DPR) is 33.67%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. TD Securities increased their price objective on shares of FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. Scotiabank increased their price objective on shares of FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 15th. 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 report on Thursday, January 30th. Stifel Nicolaus upped their target price on shares of FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, StockNews.com raised FirstService from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, FirstService has a consensus rating of "Moderate Buy" and an average target price of $201.67.
View Our Latest Stock Analysis 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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