Waratah Capital Advisors Ltd. Buys 76,384 Shares of FirstService Co. (NASDAQ:FSV)

Waratah Capital Advisors Ltd. lifted its stake in FirstService Co. (NASDAQ:FSV – Get Rating) (TSE:FSV) by 115.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,632 shares of the financial services provider’s stock after acquiring an additional 76,384 shares during the quarter. Waratah Capital Advisors Ltd. owned 0.32% of FirstService worth $20,627,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. WASHINGTON TRUST Co bought a new stake in FirstService during the fourth quarter valued at approximately $39,000. GHP Investment Advisors Inc. bought a new stake in FirstService during the first quarter valued at approximately $60,000. Fifth Third Bancorp grew its position in FirstService by 33.3% during the fourth quarter. Fifth Third Bancorp now owns 436 shares of the financial services provider’s stock valued at $86,000 after buying an additional 109 shares during the period. Parallel Advisors LLC grew its position in FirstService by 60,700.0% during the first quarter. Parallel Advisors LLC now owns 608 shares of the financial services provider’s stock valued at $88,000 after buying an additional 607 shares during the period. Finally, First Bank & Trust bought a new stake in FirstService during the first quarter valued at approximately $112,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on FSV shares. TD Securities lowered their price target on shares of FirstService from $145.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, July 28th. Raymond James lowered their price target on shares of FirstService from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, April 28th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $172.80.

FirstService Trading Down 0.4 %

FSV stock traded down $0.59 during mid-day trading on Friday, reaching $131.57. 46,145 shares of the stock traded hands, compared to its average volume of 66,556. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 1.46. FirstService Co. has a one year low of $112.64 and a one year high of $202.78. The stock has a market capitalization of $5.81 billion, a PE ratio of 46.49 and a beta of 1.00. The business has a 50-day moving average price of $125.61 and a two-hundred day moving average price of $134.23.

FirstService Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Thursday, June 30th were issued a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Wednesday, June 29th. FirstService’s payout ratio is presently 28.62%.

About FirstService

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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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management 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.