FirstService Co. (NASDAQ:FSV) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 158.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 728 shares of the financial services provider’s stock after purchasing an additional 446 shares during the period. Blue Trust Inc.’s holdings in FirstService were worth $133,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in FirstService during the 4th quarter valued at approximately $29,000. Trust Co. of Vermont acquired a new stake in FirstService during the fourth quarter valued at $46,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FirstService during the 3rd quarter worth about $53,000. Venturi Wealth Management LLC acquired a new stake in shares of FirstService during the 3rd quarter valued at about $66,000. Finally, Sanctuary Advisors LLC purchased a new position in FirstService during the second quarter worth approximately $216,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus lifted their price objective on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Raymond James raised their target price on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. TD Securities boosted their price target on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Finally, Scotiabank raised their price objective on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.67.

FirstService Stock Down 4.2 %

Shares of NASDAQ:FSV opened at $173.94 on Thursday. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84. The stock has a market cap of $7.87 billion, a P/E ratio of 72.48 and a beta of 1.06. The business has a fifty day moving average of $184.18 and a two-hundred day moving average of $181.86. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.63%. This is a positive change from FirstService’s previous quarterly dividend of $0.25. FirstService’s dividend payout ratio is currently 41.67%.

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.