1,107 Shares in FirstService Co. (NASDAQ:FSV) Acquired by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC purchased a new position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,107 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other large investors have also made changes to their positions in the company. Natixis Advisors LLC boosted its position in shares of FirstService by 3.5% during the 4th quarter. Natixis Advisors LLC now owns 24,645 shares of the financial services provider’s stock worth $4,461,000 after acquiring an additional 833 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of FirstService by 3.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 28,371 shares of the financial services provider’s stock worth $5,136,000 after acquiring an additional 1,000 shares in the last quarter. AGF Management Ltd. boosted its position in shares of FirstService by 29.6% during the 4th quarter. AGF Management Ltd. now owns 24,527 shares of the financial services provider’s stock worth $4,443,000 after acquiring an additional 5,600 shares in the last quarter. Eos Management L.P. boosted its position in shares of FirstService by 43.6% during the 4th quarter. Eos Management L.P. now owns 13,182 shares of the financial services provider’s stock worth $2,386,000 after acquiring an additional 4,004 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of FirstService by 7.2% during the 4th quarter. King Luther Capital Management Corp now owns 35,664 shares of the financial services provider’s stock worth $6,456,000 after acquiring an additional 2,380 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Wall Street Analysts Forecast Growth

FSV has been the topic of a number of research analyst reports. StockNews.com lowered shares of FirstService from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Raymond James raised their target price on shares of FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four 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 Price Performance

Shares of NASDAQ:FSV opened at $165.45 on Friday. The firm has a market cap of $7.52 billion, a PE ratio of 55.71 and a beta of 1.12. The firm’s fifty day moving average is $176.48 and its 200-day moving average is $182.01. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. FirstService Co. has a 52 week low of $141.26 and a 52 week high of $197.84.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from FirstService’s previous quarterly dividend of $0.25. FirstService’s dividend payout ratio (DPR) is currently 37.04%.

FirstService Company 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.