FirstService Co. (NASDAQ:FSV) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 26.5% in the 4th quarter, Holdings Channel reports. The fund owned 25,527 shares of the financial services provider’s stock after selling 9,221 shares during the period. Truist Financial Corp’s holdings in FirstService were worth $4,138,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FSV. Signaturefd LLC raised its position in FirstService by 28.5% in the third quarter. Signaturefd LLC now owns 500 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 111 shares in the last quarter. Duncker Streett & Co. Inc. lifted its stake in shares of FirstService by 335.8% in the fourth quarter. Duncker Streett & Co. Inc. now owns 706 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 544 shares during the period. First Bank & Trust boosted its holdings in FirstService by 13.6% during the fourth quarter. First Bank & Trust now owns 1,733 shares of the financial services provider’s stock worth $281,000 after buying an additional 207 shares in the last quarter. Advisor Partners II LLC grew its position in FirstService by 41.0% during the third quarter. Advisor Partners II LLC now owns 2,275 shares of the financial services provider’s stock worth $331,000 after buying an additional 662 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in FirstService by 42.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,288 shares of the financial services provider’s stock valued at $333,000 after buying an additional 685 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FSV. TheStreet cut FirstService from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Scotiabank initiated coverage on FirstService in a report on Thursday, April 11th. They issued a “sector perform” rating and a $170.00 target price on the stock. BMO Capital Markets cut their price target on FirstService from $196.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $187.00 price objective on shares of FirstService in a research note on Wednesday, February 7th. Finally, StockNews.com cut shares of FirstService from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.00.

FirstService Stock Up 0.7 %

Shares of NASDAQ:FSV opened at $150.59 on Tuesday. The company has a market capitalization of $6.77 billion, a P/E ratio of 74.55 and a beta of 1.01. The stock’s fifty day simple moving average is $159.66 and its 200-day simple moving average is $158.77. FirstService Co. has a 52-week low of $134.77 and a 52-week high of $171.94. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.18.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. FirstService had a return on equity of 16.42% and a net margin of 2.02%. As a group, equities research analysts forecast that FirstService Co. will post 4.38 earnings per share for the current fiscal year.

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.