Guardian Capital Advisors LP increased its position in FirstService Co. (NASDAQ:FSV – Get Rating) (TSE:FSV) by 183.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,385 shares of the financial services provider’s stock after buying an additional 3,485 shares during the period. Guardian Capital Advisors LP’s holdings in FirstService were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Durable Capital Partners LP grew its stake in shares of FirstService by 7.6% in the first quarter. Durable Capital Partners LP now owns 3,391,256 shares of the financial services provider’s stock worth $491,325,000 after acquiring an additional 238,980 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of FirstService by 35.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,327,092 shares of the financial services provider’s stock worth $482,029,000 after purchasing an additional 879,160 shares during the period. Neuberger Berman Group LLC raised its position in shares of FirstService by 2.9% during the first quarter. Neuberger Berman Group LLC now owns 1,525,978 shares of the financial services provider’s stock valued at $221,084,000 after buying an additional 42,901 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of FirstService by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,404,194 shares of the financial services provider’s stock valued at $203,439,000 after buying an additional 7,172 shares during the period. Finally, William Blair Investment Management LLC grew its position in FirstService by 2.5% during the first quarter. William Blair Investment Management LLC now owns 1,001,132 shares of the financial services provider’s stock worth $145,044,000 after buying an additional 24,565 shares in the last quarter. Institutional investors and hedge funds own 64.18% of the company’s stock.
FirstService Price Performance
FSV stock traded up $0.48 during trading on Thursday, hitting $126.61. The company had a trading volume of 163,573 shares, compared to its average volume of 71,895. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $122.46 and a two-hundred day moving average price of $124.78. FirstService Co. has a fifty-two week low of $112.44 and a fifty-two week high of $201.43. The company has a market cap of $5.59 billion, a P/E ratio of 49.26 and a beta of 0.98.
FirstService Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 30th were given a $0.2025 dividend. The ex-dividend date was Thursday, September 29th. This represents a $0.81 dividend on an annualized basis and a yield of 0.64%. FirstService’s payout ratio is 31.52%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on FSV shares. StockNews.com initiated coverage on FirstService in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. TD Securities reduced their target price on FirstService from $145.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $152.67.
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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management 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.
- Get a free copy of the StockNews.com research report on FirstService (FSV)
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