Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of SP Plus Co. (NASDAQ:SP - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 300,303 shares of the business services provider's stock, valued at approximately $15,391,000. Tokio Marine Asset Management Co. Ltd. owned about 1.53% of SP Plus at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Swiss National Bank increased its position in shares of SP Plus by 0.9% during the third quarter. Swiss National Bank now owns 43,200 shares of the business services provider's stock valued at $1,560,000 after acquiring an additional 400 shares during the last quarter. Citigroup Inc. grew its holdings in shares of SP Plus by 12.1% in the third quarter. Citigroup Inc. now owns 11,437 shares of the business services provider's stock valued at $413,000 after purchasing an additional 1,238 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of SP Plus by 3.6% in the third quarter. Janney Montgomery Scott LLC now owns 41,848 shares of the business services provider's stock valued at $1,511,000 after purchasing an additional 1,466 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of SP Plus by 12.2% in the third quarter. Deutsche Bank AG now owns 16,517 shares of the business services provider's stock valued at $596,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC grew its holdings in shares of SP Plus by 2.8% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 66,454 shares of the business services provider's stock valued at $2,399,000 after purchasing an additional 1,835 shares in the last quarter. 93.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently weighed in on SP. TheStreet cut shares of SP Plus from a "b" rating to a "c+" rating in a report on Tuesday, February 27th. StockNews.com began coverage on shares of SP Plus in a research note on Monday. They issued a "hold" rating for the company.
Get Our Latest Analysis on SP
SP Plus Stock Up 0.6 %
Shares of SP Plus stock traded up $0.32 during trading hours on Wednesday, hitting $51.10. The company had a trading volume of 186,123 shares, compared to its average volume of 196,062. The company has a market cap of $1.01 billion, a P/E ratio of 32.76 and a beta of 1.22. The company's 50-day moving average is $51.63 and its two-hundred day moving average is $51.28. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.71 and a quick ratio of 0.71. SP Plus Co. has a twelve month low of $32.78 and a twelve month high of $52.56.
SP Plus (NASDAQ:SP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.25). The business had revenue of $217.20 million for the quarter, compared to analyst estimates of $235.44 million. SP Plus had a return on equity of 22.49% and a net margin of 1.74%. Analysts anticipate that SP Plus Co. will post 3.42 earnings per share for the current fiscal year.
SP Plus Company Profile
(
Free Report)
SP Plus Corporation provides mobility solutions, parking services, parking management, ground transportation, baggage handling, and other ancillary services. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services.
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