FirstService Co. (NASDAQ:FSV) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,423 shares of the financial services provider’s stock after acquiring an additional 175 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.18% of FirstService worth $13,071,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FSV. Conestoga Capital Advisors LLC lifted its position in FirstService by 0.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,367,133 shares of the financial services provider’s stock valued at $221,599,000 after purchasing an additional 4,431 shares during the period. Dearborn Partners LLC boosted its holdings in FirstService by 55.1% during the fourth quarter. Dearborn Partners LLC now owns 4,069 shares of the financial services provider’s stock worth $660,000 after buying an additional 1,445 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in FirstService by 10.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 5,891 shares of the financial services provider’s stock worth $950,000 after buying an additional 538 shares during the period. Tritonpoint Wealth LLC purchased a new position in FirstService in the fourth quarter valued at about $612,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in FirstService in the fourth quarter valued at about $2,868,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Stock Performance

NASDAQ:FSV opened at $152.13 on Tuesday. FirstService Co. has a 1-year low of $134.77 and a 1-year high of $171.94. The firm has a 50 day simple moving average of $162.59 and a 200-day simple moving average of $158.32. The firm has a market cap of $6.84 billion, a PE ratio of 67.92 and a beta of 0.97. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.82 and a quick ratio of 1.82.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.04). FirstService had a net margin of 2.32% and a return on equity of 17.56%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. On average, equities analysts expect that FirstService Co. will post 4.6 EPS for the current year.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 29th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from FirstService’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.66%. FirstService’s dividend payout ratio is 44.64%.

Wall Street Analyst Weigh In

FSV has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $187.00 price objective on shares of FirstService in a report on Wednesday, February 7th. StockNews.com lowered shares of FirstService from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. TheStreet downgraded shares of FirstService from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. BMO Capital Markets reduced their price target on shares of FirstService from $196.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Finally, Scotiabank assumed coverage on shares of FirstService in a research report on Thursday, April 11th. They issued a “sector perform” rating and a $170.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $177.86.

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.