Catawba River Capital Has $8.37 Million Stake in FirstService Co. (NASDAQ:FSV)

Catawba River Capital lowered its stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,223 shares of the financial services provider’s stock after selling 81 shares during the period. FirstService makes up 5.0% of Catawba River Capital’s investment portfolio, making the stock its 8th biggest holding. Catawba River Capital owned about 0.10% of FirstService worth $8,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in FSV. Berry Wealth Group LP lifted its position in shares of FirstService by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 91 shares in the last quarter. HighTower Advisors LLC increased its position in shares of FirstService by 3.5% during the third quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 98 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in FirstService by 3.2% during the third quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 110 shares during the period. Versant Capital Management Inc purchased a new position in FirstService in the fourth quarter worth $29,000. Finally, Trust Co. of Vermont bought a new position in FirstService in the 4th quarter valued at $46,000. 69.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

FirstService Stock Performance

NASDAQ FSV opened at $177.00 on Tuesday. The company has a market capitalization of $8.01 billion, a P/E ratio of 59.60 and a beta of 1.06. 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. The company has a fifty day moving average of $182.99 and a 200-day moving average of $182.09.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, March 31st will be given a dividend of $0.275 per share. The ex-dividend date is Monday, March 31st. This is a positive change from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 0.62%. FirstService’s dividend payout ratio is 33.67%.

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.