2,487 Shares in FirstService Co. (NASDAQ:FSV) Bought by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC purchased a new stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) during the third quarter, HoldingsChannel reports. The fund purchased 2,487 shares of the financial services provider’s stock, valued at approximately $454,000.

Other institutional investors have also bought and sold shares of the company. Benjamin Edwards Inc. increased its position in FirstService by 35.0% during the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 91 shares during the last quarter. Fifth Third Bancorp grew its holdings in FirstService by 20.5% during the 2nd quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 108 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in FirstService by 49.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 138 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of FirstService by 40.6% during the second quarter. First Horizon Advisors Inc. now owns 488 shares of the financial services provider’s stock valued at $74,000 after buying an additional 141 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of FirstService by 3.7% during the second quarter. Public Sector Pension Investment Board now owns 4,048 shares of the financial services provider’s stock valued at $616,000 after buying an additional 143 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Performance

Shares of NASDAQ:FSV opened at $188.05 on Friday. The firm has a 50 day moving average of $183.15 and a 200 day moving average of $167.02. The company has a quick ratio of 1.84, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 78.35 and a beta of 1.05. FirstService Co. has a 52 week low of $141.26 and a 52 week high of $192.71.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $1.18 EPS. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, sell-side analysts predict that FirstService Co. will post 4.58 earnings per share for the current fiscal year.

FirstService Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 30th. FirstService’s dividend payout ratio is currently 41.67%.

Analysts Set New Price Targets

A number of research firms recently issued reports on FSV. Scotiabank boosted their price objective on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Tuesday, October 15th. Stifel Nicolaus raised 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. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. TD Securities raised their target price on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price target on FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $198.33.

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.