Mitsubishi UFJ Trust & Banking Corp Has $2.24 Million Stock Holdings in FirstService Corporation $FSV

Key Points

• Mitsubishi UFJ Trust & Banking cut its stake in FirstService (NASDAQ:FSV) by 51.5% in Q4, selling 15,500 shares and keeping 14,600 shares valued at $2.243 million.
• FirstService beat the quarter's estimates with $0.95 EPS vs $0.89 expected and revenue of $1.30 billion, up 5.3% year‑over‑year.
• Analysts have a consensus rating of "Moderate Buy" and an average price target of $196.89, while the stock trades near $128, close to its one‑year low of $127.70.

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 51.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,600 shares of the financial services provider's stock after selling 15,500 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in FirstService were worth $2,243,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Evergreen Capital Management LLC lifted its stake in shares of FirstService by 5.6% during the second quarter. Evergreen Capital Management LLC now owns 1,462 shares of the financial services provider's stock valued at $256,000 after acquiring an additional 77 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of FirstService by 63.7% during the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 79 shares during the period. Parr Mcknight Wealth Management Group LLC lifted its stake in shares of FirstService by 1.1% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 7,583 shares of the financial services provider's stock valued at $1,444,000 after acquiring an additional 81 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in FirstService by 4.2% in the third quarter. NorthCrest Asset Manangement LLC now owns 2,209 shares of the financial services provider's stock valued at $413,000 after purchasing an additional 90 shares during the last quarter. Finally, Pathstone Holdings LLC increased its holdings in FirstService by 0.5% in the third quarter. Pathstone Holdings LLC now owns 17,021 shares of the financial services provider's stock valued at $3,242,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.

Wall Street Analyst Weigh In

FSV has been the subject of a number of recent analyst reports. TD upped their price objective on FirstService from $201.00 to $204.00 and gave the company a "buy" rating in a report on Friday, April 24th. BMO Capital Markets reiterated an "outperform" rating and issued a $202.00 price objective on shares of FirstService in a report on Thursday, February 5th. Scotiabank dropped their price objective on FirstService from $205.00 to $190.00 and set a "sector outperform" rating for the company in a report on Friday, April 24th. TD Cowen dropped their price objective on FirstService from $217.00 to $201.00 and set a "buy" rating for the company in a report on Tuesday, April 14th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of FirstService in a report on Friday, March 27th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $196.89.

FirstService Stock Down 3.3%

Shares of FirstService stock opened at $128.01 on Tuesday. FirstService Corporation has a 1 year low of $127.70 and a 1 year high of $209.66. The business has a 50-day moving average of $145.27 and a two-hundred day moving average of $153.60. The company has a market capitalization of $5.89 billion, a P/E ratio of 36.16, a price-to-earnings-growth ratio of 3.99 and a beta of 0.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.62 and a quick ratio of 1.73.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. FirstService had a return on equity of 16.45% and a net margin of 2.92%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts predict that FirstService Corporation will post 5.59 EPS for the current year.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.

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