Bessemer Group Inc. reduced its stake in SP Plus Corp (NASDAQ:SP) by 22.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 24,500 shares of the business services provider’s stock after selling 7,000 shares during the quarter. Bessemer Group Inc.’s holdings in SP Plus were worth $909,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. First Quadrant L P CA lifted its holdings in SP Plus by 33.0% during the fourth quarter. First Quadrant L P CA now owns 29,486 shares of the business services provider’s stock valued at $1,094,000 after purchasing an additional 7,323 shares during the last quarter. James Investment Research Inc. purchased a new stake in SP Plus during the fourth quarter valued at about $907,000. Dudley & Shanley LLC lifted its holdings in SP Plus by 30.4% during the fourth quarter. Dudley & Shanley LLC now owns 200,150 shares of the business services provider’s stock valued at $7,426,000 after purchasing an additional 46,650 shares during the last quarter. Bowling Portfolio Management LLC purchased a new stake in SP Plus during the fourth quarter valued at about $1,745,000. Finally, Alpha Windward LLC purchased a new stake in SP Plus during the fourth quarter valued at about $501,000. 96.99% of the stock is currently owned by institutional investors.

Shares of SP Plus Corp (SP) opened at $36.40 on Friday. SP Plus Corp has a 52-week low of $27.70 and a 52-week high of $41.70. The firm has a market capitalization of $827.64, a PE ratio of 18.96, a PEG ratio of 1.98 and a beta of 1.07. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.50.

Several brokerages have recently weighed in on SP. BidaskClub cut SP Plus from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research cut SP Plus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th.

In related news, CEO G Marc Baumann sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $38.00, for a total value of $38,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gerard M. Klaisle sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.15, for a total transaction of $286,125.00. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “SP Plus Corp (SP) Shares Sold by Bessemer Group Inc.” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2018/02/10/sp-plus-corp-sp-shares-sold-by-bessemer-group-inc.html.

SP Plus Company Profile

SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company’s segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other.

Want to see what other hedge funds are holding SP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SP Plus Corp (NASDAQ:SP).

Institutional Ownership by Quarter for SP Plus (NASDAQ:SP)

Receive News & Ratings for SP Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SP Plus and related companies with MarketBeat.com's FREE daily email newsletter.