SP Plus Co. (NASDAQ:SP) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its position in SP Plus Co. (NASDAQ:SPGet Rating) by 56.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,454 shares of the business services provider’s stock after buying an additional 2,702 shares during the period. Lazard Asset Management LLC’s holdings in SP Plus were worth $228,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new position in SP Plus in the 2nd quarter worth approximately $61,000. Amalgamated Bank purchased a new position in SP Plus in the 1st quarter worth approximately $118,000. PNC Financial Services Group Inc. purchased a new position in SP Plus in the 1st quarter worth approximately $143,000. MQS Management LLC purchased a new position in SP Plus in the 1st quarter worth approximately $223,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in SP Plus by 10.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,522 shares of the business services provider’s stock worth $261,000 after purchasing an additional 800 shares in the last quarter. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on SP. Barrington Research raised their target price on shares of SP Plus from $47.00 to $48.00 in a research note on Tuesday, August 23rd. StockNews.com raised shares of SP Plus from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 15th.

SP Plus Stock Up 0.7 %

SP stock opened at $34.90 on Monday. The firm has a market cap of $703.83 million, a PE ratio of 15.11 and a beta of 1.40. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50 day moving average price is $33.60 and its 200-day moving average price is $32.61. SP Plus Co. has a one year low of $25.29 and a one year high of $37.52.

SP Plus Profile

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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 firm operates through the following segments: Commercial, Aviation, and Other.

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Institutional Ownership by Quarter for SP Plus (NASDAQ:SP)

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