FirstService Co. (NASDAQ:FSV) Holdings Lowered by Andra AP fonden

Andra AP fonden trimmed its stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 42.6% in the 4th quarter, HoldingsChannel reports. The firm owned 14,800 shares of the financial services provider’s stock after selling 11,000 shares during the quarter. Andra AP fonden’s holdings in FirstService were worth $2,679,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Franklin Resources Inc. raised its position in FirstService by 486.3% during the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock valued at $87,308,000 after buying an additional 389,129 shares during the period. CIBC Asset Management Inc raised its position in FirstService by 57.4% during the fourth quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider’s stock valued at $83,138,000 after buying an additional 166,996 shares during the period. Bank of Montreal Can raised its position in FirstService by 19.7% during the third quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock valued at $69,992,000 after buying an additional 63,807 shares during the period. Raymond James Financial Inc. acquired a new position in FirstService during the fourth quarter valued at $48,541,000. Finally, Fiera Capital Corp raised its position in FirstService by 24.1% during the fourth quarter. Fiera Capital Corp now owns 258,848 shares of the financial services provider’s stock valued at $46,839,000 after buying an additional 50,265 shares during the period. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Stock Performance

Shares of FSV stock opened at $170.79 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The stock’s 50-day moving average is $178.15 and its two-hundred day moving average is $182.50. The firm has a market cap of $7.76 billion, a P/E ratio of 57.51 and a beta of 1.12.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be given a $0.275 dividend. This is a positive change from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, March 31st. FirstService’s dividend payout ratio is presently 37.04%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FSV shares. Raymond James upped their price target on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. StockNews.com lowered FirstService from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four 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 a consensus price target of $201.67.

About FirstService

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.