Aquatic Capital Management LLC Acquires 4,719 Shares of FirstService Co. (NASDAQ:FSV)

Aquatic Capital Management LLC raised its stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 134.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,219 shares of the financial services provider's stock after purchasing an additional 4,719 shares during the period. Aquatic Capital Management LLC's holdings in FirstService were worth $1,488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Berry Wealth Group LP raised its stake in FirstService by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock worth $323,000 after buying an additional 91 shares during the last quarter. Signaturefd LLC raised its position in shares of FirstService by 7.5% in the 4th quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after acquiring an additional 95 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of FirstService by 0.5% in the 4th quarter. Stifel Financial Corp now owns 21,205 shares of the financial services provider's stock valued at $3,838,000 after purchasing an additional 102 shares during the period. Versant Capital Management Inc acquired a new stake in FirstService during the fourth quarter worth approximately $29,000. Finally, Advisors Capital Management LLC boosted its holdings in shares of FirstService by 1.0% during the 4th quarter. Advisors Capital Management LLC now owns 22,555 shares of the financial services provider's stock worth $4,083,000 after buying an additional 233 shares in the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Raymond James boosted their price objective on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Scotiabank cut their target price on FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 17th. TD Securities increased their price target on FirstService from $197.00 to $198.00 and gave the company a "hold" rating in a research report on Tuesday, April 22nd. Finally, StockNews.com downgraded shares of FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $206.00.

FirstService Stock Performance

NASDAQ:FSV traded down $1.32 during trading on Monday, reaching $174.86. The company's stock had a trading volume of 29,579 shares, compared to its average volume of 109,142. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 58.88 and a beta of 1.04. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The firm has a 50 day moving average of $169.72 and a 200-day moving average of $178.99.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.08. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a net margin of 2.58% and a return on equity of 17.15%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. Research analysts expect that FirstService Co. will post 5.27 EPS for the current fiscal year.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 0.63%. This is a positive change from FirstService's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 31st. FirstService's dividend payout ratio is 38.06%.

About FirstService

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.