Montrusco Bolton Investments Inc. Sells 726 Shares of FirstService Co. (NASDAQ:FSV)

Montrusco Bolton Investments Inc. cut its holdings in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 1.1% in the fourth quarter, Holdings Channel reports. The fund owned 63,948 shares of the financial services provider’s stock after selling 726 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in FirstService were worth $11,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in shares of FirstService by 486.3% during the 3rd 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 during the last quarter. Millennium Management LLC raised its holdings in FirstService by 2,136.1% in the second quarter. Millennium Management LLC now owns 209,297 shares of the financial services provider’s stock worth $31,853,000 after purchasing an additional 199,937 shares in the last quarter. Bank of Montreal Can lifted 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 valued at $69,992,000 after buying an additional 63,807 shares during the last quarter. Boston Financial Mangement LLC boosted its holdings in shares of FirstService by 25.3% in the 3rd quarter. Boston Financial Mangement LLC now owns 246,673 shares of the financial services provider’s stock valued at $45,008,000 after buying an additional 49,790 shares in the last quarter. Finally, Canoe Financial LP grew its position in shares of FirstService by 1,451.8% in the 4th quarter. Canoe Financial LP now owns 29,018 shares of the financial services provider’s stock worth $5,253,000 after buying an additional 27,148 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FSV. TD Securities increased their target price 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. Raymond James increased their price objective on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Scotiabank boosted 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. Stifel Nicolaus increased their price target on FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, FirstService presently has an average rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Trading Down 0.2 %

FirstService stock opened at $185.45 on Wednesday. FirstService Co. has a 52 week low of $141.26 and a 52 week high of $197.84. The stock has a 50-day moving average price of $185.65 and a 200 day moving average price of $181.27. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 77.27 and a beta of 1.06.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, December 31st. 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.