Entropy Technologies LP Acquires New Holdings in FirstService Co. (NASDAQ:FSV)

Entropy Technologies LP acquired a new stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,600 shares of the financial services provider’s stock, valued at approximately $657,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. grew its holdings in FirstService by 35.0% during the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 91 shares during the last quarter. Fifth Third Bancorp grew its holdings in FirstService by 20.5% during the second quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 108 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in FirstService by 49.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 138 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in FirstService by 40.6% during the second quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 141 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in FirstService by 3.7% during the second quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider’s stock valued at $616,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FSV. TD Securities increased their price target on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Scotiabank raised 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. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus raised their price objective on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.33.

FirstService Stock Down 1.0 %

Shares of FSV stock opened at $185.26 on Friday. The stock has a market cap of $8.36 billion, a P/E ratio of 77.19 and a beta of 1.05. FirstService Co. has a one year low of $141.26 and a one year high of $192.71. The stock has a fifty day moving average price of $183.74 and a 200 day moving average price of $167.87. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.79 and a quick ratio of 1.79.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.42 by $0.21. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.32 billion. FirstService had a return on equity of 16.68% and a net margin of 2.19%. FirstService’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business earned $1.18 earnings per share. Analysts predict that FirstService Co. will post 4.58 earnings per share for the current year.

FirstService Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 annualized dividend and a yield of 0.54%. FirstService’s dividend payout ratio (DPR) is currently 41.67%.

FirstService Company Profile

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.