Montrusco Bolton Investments Inc. lifted its position in FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 46.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,515 shares of the financial services provider's stock after acquiring an additional 29,567 shares during the period. Montrusco Bolton Investments Inc. owned 0.21% of FirstService worth $15,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in FSV. Jacobson & Schmitt Advisors LLC grew its position in shares of FirstService by 2.4% during the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 96,311 shares of the financial services provider's stock valued at $15,983,000 after acquiring an additional 2,233 shares during the period. Diversify Wealth Management LLC lifted its stake in FirstService by 4.4% in the 1st quarter. Diversify Wealth Management LLC now owns 2,127 shares of the financial services provider's stock worth $366,000 after purchasing an additional 89 shares in the last quarter. Parr Mcknight Wealth Management Group LLC lifted its stake in FirstService by 10.1% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 7,369 shares of the financial services provider's stock worth $1,223,000 after purchasing an additional 679 shares in the last quarter. Brown Advisory Inc. purchased a new stake in shares of FirstService during the 1st quarter valued at approximately $30,523,000. Finally, Catawba River Capital raised its position in shares of FirstService by 0.4% during the 1st quarter. Catawba River Capital now owns 46,410 shares of the financial services provider's stock valued at $7,702,000 after buying an additional 187 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
FSV has been the subject of several research reports. Scotiabank dropped their target price on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a report on Thursday, April 17th. TD Securities boosted their price target on shares of FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $208.40.
Get Our Latest Report on FirstService
FirstService Price Performance
FSV traded up $2.35 on Friday, hitting $178.12. 175,513 shares of the company were exchanged, compared to its average volume of 112,473. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.94 and a current ratio of 1.94. The business's fifty day moving average is $176.03 and its 200 day moving average is $174.41. FirstService Corporation has a fifty-two week low of $153.13 and a fifty-two week high of $197.84. The firm has a market capitalization of $8.10 billion, a P/E ratio of 61.63 and a beta of 0.99.
FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. FirstService had a net margin of 2.46% and a return on equity of 17.49%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $0.67 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that FirstService Corporation will post 5.27 EPS for the current year.
FirstService Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Monday, June 30th. FirstService's dividend payout ratio is presently 38.06%.
About FirstService
(
Free Report)
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.
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