Triasima Portfolio Management inc. Acquires Shares of 15,556 FirstService Co. (NASDAQ:FSV)

Triasima Portfolio Management inc. acquired a new stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,556 shares of the financial services provider’s stock, valued at approximately $2,816,000.

Several other institutional investors also recently bought and sold shares of FSV. Franklin Resources Inc. boosted its position in shares of FirstService by 486.3% during the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after purchasing an additional 389,129 shares in the last quarter. Bank of Montreal Can boosted its position in shares of FirstService by 19.7% during the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock worth $69,992,000 after purchasing an additional 63,807 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of FirstService by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider’s stock worth $36,634,000 after purchasing an additional 10,191 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of FirstService by 253.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider’s stock worth $3,503,000 after purchasing an additional 13,876 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of FirstService by 65.4% in the 3rd quarter. Stifel Financial Corp now owns 21,103 shares of the financial services provider’s stock worth $3,851,000 after buying an additional 8,348 shares in the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on FSV. TD Securities boosted their price objective 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. Raymond James upped their target price on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Scotiabank upped their target price on shares of FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Tuesday, October 15th. Stifel Nicolaus upped their target price on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, FirstService has a consensus rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Stock Down 1.4 %

FSV opened at $171.43 on Friday. The firm has a 50 day moving average price of $183.71 and a 200 day moving average price of $181.78. The company has a market cap of $7.76 billion, a PE ratio of 71.43 and a beta of 1.06. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.79 and a current ratio of 1.79.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, March 31st will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, March 31st. This is an increase from FirstService’s previous quarterly dividend of $0.25. FirstService’s dividend payout ratio is 41.67%.

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.