Triasima Portfolio Management inc. Takes Position in FirstService Co. (NASDAQ:FSV)

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

Several other large investors have also recently added to or reduced their stakes in FSV. Sanctuary Advisors LLC bought a new position in FirstService during the second quarter worth $216,000. Cubist Systematic Strategies LLC increased its holdings in shares of FirstService by 33.4% during the second quarter. Cubist Systematic Strategies LLC now owns 17,253 shares of the financial services provider’s stock valued at $2,628,000 after purchasing an additional 4,318 shares during the period. Creative Planning increased its holdings in shares of FirstService by 105.1% during the third quarter. Creative Planning now owns 9,273 shares of the financial services provider’s stock valued at $1,692,000 after purchasing an additional 4,752 shares during the period. Baskin Financial Services Inc. increased its holdings in shares of FirstService by 0.3% during the third quarter. Baskin Financial Services Inc. now owns 250,491 shares of the financial services provider’s stock valued at $45,737,000 after purchasing an additional 636 shares during the period. Finally, Raymond James & Associates grew its holdings in FirstService by 4.9% during the third quarter. Raymond James & Associates now owns 148,864 shares of the financial services provider’s stock worth $27,162,000 after acquiring an additional 6,995 shares during the period. 69.35% of the stock is currently owned by institutional investors.

FirstService Trading Down 1.4 %

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

FirstService Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus lifted their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Raymond James lifted their target price on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. TD Securities increased their price target on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Finally, Scotiabank increased their price target on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $201.67.

FirstService 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.