SP Plus Co. (NASDAQ:SP) Stock Position Lifted by Barclays PLC

Barclays PLC grew its position in shares of SP Plus Co. (NASDAQ:SP) by 88.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,182 shares of the business services provider’s stock after buying an additional 4,778 shares during the period. Barclays PLC owned about 0.05% of SP Plus worth $349,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new stake in shares of SP Plus during the 1st quarter worth approximately $143,000. Bank of Montreal Can raised its position in shares of SP Plus by 10.8% during the 1st quarter. Bank of Montreal Can now owns 12,104 shares of the business services provider’s stock worth $382,000 after purchasing an additional 1,181 shares during the period. MetLife Investment Management LLC raised its position in shares of SP Plus by 55.9% during the 1st quarter. MetLife Investment Management LLC now owns 12,514 shares of the business services provider’s stock worth $392,000 after purchasing an additional 4,488 shares during the period. Sei Investments Co. raised its position in shares of SP Plus by 24.7% during the 1st quarter. Sei Investments Co. now owns 152,606 shares of the business services provider’s stock worth $4,788,000 after purchasing an additional 30,186 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of SP Plus by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 1,180,371 shares of the business services provider’s stock worth $37,017,000 after purchasing an additional 28,176 shares during the period. Institutional investors own 96.63% of the company’s stock.

SP Plus Stock Up 0.7 %

SP opened at $39.18 on Thursday. The stock’s 50 day moving average price is $39.55 and its 200 day moving average price is $36.81. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $769.89 million, a P/E ratio of 19.99 and a beta of 1.35. SP Plus Co. has a 12 month low of $30.25 and a 12 month high of $42.29.

SP Plus (NASDAQ:SP) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.14. The firm had revenue of $221.30 million during the quarter, compared to analyst estimates of $220.41 million. SP Plus had a return on equity of 23.68% and a net margin of 2.35%. As a group, research analysts predict that SP Plus Co. will post 2.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SP. Barrington Research raised their target price on SP Plus from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. StockNews.com began coverage on SP Plus in a research report on Thursday, August 17th. They issued a “buy” rating on the stock.

About SP Plus

SP Plus Corporation provides mobility solutions, parking management, ground transportation, baggage, and other ancillary services in North America. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services.