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

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont purchased a new position in FirstService during the 4th quarter worth $46,000. Canoe Financial LP increased its position in FirstService by 1,451.8% in the 4th quarter. Canoe Financial LP now owns 29,018 shares of the financial services provider’s stock valued at $5,253,000 after acquiring an additional 27,148 shares during the period. Avanza Fonder AB acquired a new position in FirstService in the 4th quarter valued at about $453,000. Argent Capital Management LLC raised its stake in FirstService by 16.0% during the 4th quarter. Argent Capital Management LLC now owns 33,406 shares of the financial services provider’s stock valued at $6,047,000 after acquiring an additional 4,611 shares during the last quarter. Finally, JCIC Asset Management Inc. acquired a new stake in FirstService during the 4th quarter worth approximately $3,999,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

FSV stock opened at $184.97 on Friday. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 77.07 and a beta of 1.06. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. The firm has a 50 day moving average of $185.64 and a 200-day moving average of $180.33. FirstService Co. has a 12-month low of $141.26 and a 12-month high of $197.84.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.18 earnings per share. As a group, equities analysts expect that FirstService Co. will post 4.64 EPS for the current fiscal year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st were paid 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 payout ratio is 41.67%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FSV shares. TD Securities boosted their target price on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Raymond James boosted their price objective on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday. Scotiabank upped their price objective on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price target 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.67.

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.