FirstService Co. (NASDAQ:FSV) Shares Sold by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC lowered its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,387 shares of the financial services provider’s stock after selling 100 shares during the period. Sustainable Insight Capital Management LLC’s holdings in FirstService were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of FirstService by 6.8% during the second quarter. The Manufacturers Life Insurance Company now owns 2,733,694 shares of the financial services provider’s stock valued at $415,427,000 after acquiring an additional 174,970 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in FirstService by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,449,933 shares of the financial services provider’s stock valued at $264,555,000 after purchasing an additional 23,082 shares during the period. Franklin Resources Inc. lifted its stake in FirstService by 486.3% during the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after purchasing an additional 389,129 shares in the last quarter. Bank of Montreal Can boosted its position in shares of FirstService by 19.7% during the third quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock worth $69,992,000 after buying an additional 63,807 shares during the period. Finally, Baskin Financial Services Inc. grew its stake in shares of FirstService by 0.3% in the third quarter. Baskin Financial Services Inc. now owns 250,491 shares of the financial services provider’s stock valued at $45,737,000 after buying an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Stock Down 0.4 %

Shares of NASDAQ FSV opened at $184.97 on Friday. The business has a 50-day moving average of $185.64 and a two-hundred day moving average of $180.33. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 77.07 and a beta of 1.06. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. 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 announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.42 by $0.21. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $1.18 earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. On average, analysts forecast that FirstService Co. will post 4.64 earnings per share for the current fiscal year.

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. FirstService’s dividend payout ratio (DPR) is presently 41.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Raymond James increased their target price on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. Stifel Nicolaus raised their price objective on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Scotiabank upped their target price 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 raised shares of FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, TD Securities upped 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService 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.