Mufg Securities Canada LTD. Raises Stock Holdings in FirstService Co. (NASDAQ:FSV)

Mufg Securities Canada LTD. raised its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 72.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,405 shares of the financial services provider’s stock after buying an additional 26,669 shares during the period. Mufg Securities Canada LTD. owned about 0.14% of FirstService worth $11,478,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of FirstService during the fourth quarter valued at approximately $29,000. Trust Co. of Vermont purchased a new position in FirstService during the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB bought a new position in FirstService in the 3rd quarter worth $53,000. Blue Trust Inc. lifted its position in shares of FirstService by 158.2% in the 4th quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 446 shares during the period. Finally, Gitterman Wealth Management LLC bought a new stake in shares of FirstService during the 4th quarter valued at about $201,000. Institutional investors own 69.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on FSV shares. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Raymond James raised their target price on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Price Performance

FSV stock opened at $171.48 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The firm has a 50 day moving average price of $175.53 and a 200-day moving average price of $181.62. FirstService Co. has a 52-week low of $141.26 and a 52-week high of $197.84. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 57.74 and a beta of 1.12.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 0.64%. FirstService’s dividend payout ratio (DPR) is presently 37.04%.

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.