FirstService Co. (TSE:FSV) Senior Officer Douglas G. Cooke Sells 3,000 Shares

FirstService Co. (TSE:FSV) (NASDAQ:FSV) Senior Officer Douglas G. Cooke sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$261.50, for a total transaction of C$784,500.00.

Douglas G. Cooke also recently made the following trade(s):

• On Friday, November 15th, Douglas G. Cooke sold 5,000 shares of FirstService stock. The shares were sold at an average price of C$262.70, for a total transaction of C$1,313,500.00.
• On Wednesday, November 13th, Douglas G. Cooke sold 1,600 shares of FirstService stock. The shares were sold at an average price of C$262.75, for a total value of C$420,400.00.

FirstService Stock Up 0.9 %

Shares of TSE:FSV traded up C$2.32 during mid-day trading on Thursday, hitting C$265.61. 5,953 shares of the company traded hands, compared to its average volume of 74,746. The firm’s 50 day simple moving average is C$252.99 and its 200 day simple moving average is C$229.20. The firm has a market cap of C$11.96 billion, a P/E ratio of 108.35, a PEG ratio of 107.75 and a beta of 0.96. The company has a debt-to-equity ratio of 105.28, a quick ratio of 1.25 and a current ratio of 1.74. FirstService Co. has a 52-week low of C$193.77 and a 52-week high of C$267.26.

FirstService Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a dividend of $0.337 per share. The ex-dividend date was Friday, September 27th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 0.51%. FirstService’s payout ratio is currently 55.56%.

Analyst Ratings Changes

Separately, TD Securities boosted their target price on FirstService from C$182.00 to C$194.00 and gave the stock a “hold” rating in a report on Monday, October 28th.

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.