Bessemer Group Inc. increased its position in shares of SP Plus Corp (NASDAQ:SP) by 5.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 67,300 shares of the business services provider’s stock after acquiring an additional 3,300 shares during the quarter. Bessemer Group Inc.’s holdings in SP Plus were worth $2,149,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. increased its stake in SP Plus by 7.8% in the fourth quarter. BlackRock Inc. now owns 1,694,634 shares of the business services provider’s stock valued at $50,058,000 after purchasing an additional 122,255 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in SP Plus by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,192,387 shares of the business services provider’s stock valued at $35,223,000 after purchasing an additional 7,262 shares during the last quarter. WCM Investment Management LLC increased its stake in SP Plus by 63.8% in the first quarter. WCM Investment Management LLC now owns 510,745 shares of the business services provider’s stock valued at $17,427,000 after purchasing an additional 198,951 shares during the last quarter. Geode Capital Management LLC increased its stake in SP Plus by 10.3% in the fourth quarter. Geode Capital Management LLC now owns 295,961 shares of the business services provider’s stock valued at $8,742,000 after purchasing an additional 27,752 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. increased its stake in SP Plus by 12.1% in the first quarter. Rothschild & Co. Asset Management US Inc. now owns 268,844 shares of the business services provider’s stock valued at $9,173,000 after purchasing an additional 29,050 shares during the last quarter. 98.54% of the stock is currently owned by institutional investors.
In other SP Plus news, EVP Gerard M. Klaisle sold 1,060 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $35.00, for a total value of $37,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.
Shares of NASDAQ SP traded up $0.71 during mid-day trading on Friday, hitting $35.41. 853 shares of the company were exchanged, compared to its average volume of 99,203. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.58 and a current ratio of 0.58. The business’s 50 day moving average is $32.84. SP Plus Corp has a 1-year low of $27.13 and a 1-year high of $41.35. The company has a market capitalization of $777.71 million, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.31 and a beta of 1.06.
SP Plus (NASDAQ:SP) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.15. SP Plus had a return on equity of 15.92% and a net margin of 3.21%. The firm had revenue of $409.40 million during the quarter, compared to the consensus estimate of $234.85 million. On average, equities analysts anticipate that SP Plus Corp will post 2.61 EPS for the current year.
Several equities analysts have commented on the stock. BidaskClub lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Barrington Research set a $118.00 price target on SYNNEX and gave the stock a “buy” rating in a report on Friday, July 12th. ValuEngine raised XPO Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. Finally, Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $42.67.
SP Plus Profile
SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.
Want to see what other hedge funds are holding SP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SP Plus Corp (NASDAQ:SP).
Receive News & Ratings for SP Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SP Plus and related companies with MarketBeat.com's FREE daily email newsletter.