Lionstone Capital Management LLC Buys 29,520 Shares of FirstService Corporation $FSV

Lionstone Capital Management LLC increased its stake in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 13.7% in the fourth quarter, HoldingsChannel reports. The firm owned 245,720 shares of the financial services provider’s stock after buying an additional 29,520 shares during the quarter. FirstService makes up approximately 8.8% of Lionstone Capital Management LLC’s holdings, making the stock its 6th biggest holding. Lionstone Capital Management LLC’s holdings in FirstService were worth $38,217,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in shares of FirstService during the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of FirstService by 88.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock valued at $27,000 after buying an additional 81 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of FirstService during the fourth quarter valued at approximately $34,000. Geneos Wealth Management Inc. boosted its position in FirstService by 63.7% during the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 79 shares during the last quarter. Finally, Strs Ohio acquired a new stake in FirstService during the first quarter worth approximately $38,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on FSV shares. TD Securities set a $204.00 price target on FirstService in a report on Friday, April 24th. Loop Capital began coverage on FirstService in a report on Monday, May 4th. They set a “hold” rating and a $140.00 price objective on the stock. Wall Street Zen raised FirstService from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Stifel Nicolaus reduced their target price on FirstService from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Finally, Weiss Ratings lowered FirstService from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.22.

FirstService Stock Down 0.7%

Shares of FSV opened at $142.69 on Wednesday. FirstService Corporation has a fifty-two week low of $119.41 and a fifty-two week high of $209.66. The company’s fifty day moving average is $139.20 and its two-hundred day moving average is $147.91. The firm has a market cap of $6.56 billion, a PE ratio of 40.31, a price-to-earnings-growth ratio of 4.36 and a beta of 0.95. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.74.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. FirstService had a return on equity of 17.91% and a net margin of 2.92%.The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. Analysts forecast that FirstService Corporation will post 5.54 earnings per share for the current year.

FirstService Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.305 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.22 annualized dividend and a yield of 0.9%. FirstService’s dividend payout ratio is currently 34.46%.

FirstService Company Profile

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.