SP Plus Corporation (SP) Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of SP Plus Corporation (NASDAQ:SP) by 28.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,236 shares of the business services provider’s stock after buying an additional 21,188 shares during the quarter. Bank of New York Mellon Corp owned 0.42% of SP Plus Corporation worth $2,910,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of SP. US Bancorp DE increased its stake in shares of SP Plus Corporation by 2.7% during the 1st quarter. US Bancorp DE now owns 3,229 shares of the business services provider’s stock worth $109,000 after purchasing an additional 84 shares during the last quarter. Ngam Advisors L.P. increased its stake in shares of SP Plus Corporation by 0.6% during the 1st quarter. Ngam Advisors L.P. now owns 18,234 shares of the business services provider’s stock worth $615,000 after purchasing an additional 108 shares during the last quarter. Atria Investments LLC increased its stake in shares of SP Plus Corporation by 1.5% during the 2nd quarter. Atria Investments LLC now owns 9,425 shares of the business services provider’s stock worth $288,000 after purchasing an additional 143 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of SP Plus Corporation by 3.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,330 shares of the business services provider’s stock worth $316,000 after purchasing an additional 348 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of SP Plus Corporation by 0.5% during the 2nd quarter. North Star Investment Management Corp. now owns 110,400 shares of the business services provider’s stock worth $3,373,000 after purchasing an additional 500 shares during the last quarter. 94.68% of the stock is currently owned by hedge funds and other institutional investors.

SP Plus Corporation (NASDAQ SP) opened at 40.725 on Wednesday. The stock has a market capitalization of $904.18 million, a price-to-earnings ratio of 23.650 and a beta of 1.00. The company has a 50-day moving average of $38.11 and a 200-day moving average of $33.50. SP Plus Corporation has a 1-year low of $22.60 and a 1-year high of $41.20.

SP Plus Corporation (NASDAQ:SP) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.11. SP Plus Corporation had a net margin of 2.36% and a return on equity of 13.82%. The business had revenue of $415.40 million during the quarter, compared to analysts’ expectations of $223.35 million. Analysts anticipate that SP Plus Corporation will post $1.69 earnings per share for the current fiscal year.

In other SP Plus Corporation news, Director Robert S. Roath sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $34.77, for a total transaction of $2,433,900.00. Following the completion of the sale, the director now directly owns 36,936 shares of the company’s stock, valued at $1,284,264.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

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Several equities research analysts have recently issued reports on SP shares. Zacks Investment Research lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub lowered shares of SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, ValuEngine lowered shares of SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.

SP Plus Corporation 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.

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

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