Mitsubishi UFJ Trust & Banking Corp Has $2.06 Million Stock Holdings in FirstService Co. (NASDAQ:FSV)

Posted by on Aug 24th, 2023

Mitsubishi UFJ Trust & Banking Corp increased its position in FirstService Co. (NASDAQ:FSV – Free Report) (TSE:FSV) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,600 shares of the financial services provider’s stock after buying an additional 600 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in FirstService were worth $2,056,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FSV. Global Retirement Partners LLC lifted its stake in shares of FirstService by 24.9% in the first quarter. Global Retirement Partners LLC now owns 351 shares of the financial services provider’s stock valued at $51,000 after buying an additional 70 shares in the last quarter. Power Corp of Canada bought a new position in FirstService in the 1st quarter valued at about $60,000. Canada Pension Plan Investment Board acquired a new position in FirstService during the 1st quarter valued at about $116,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in FirstService during the 4th quarter worth approximately $107,000. Finally, Captrust Financial Advisors raised its stake in shares of FirstService by 34.4% in the first quarter. Captrust Financial Advisors now owns 872 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 223 shares during the last quarter. 69.55% of the stock is owned by institutional investors.

FirstService Stock Up 1.8 %

FSV opened at $146.78 on Thursday. The business’s fifty day simple moving average is $152.19 and its 200 day simple moving average is $145.58. FirstService Co. has a 52 week low of $112.44 and a 52 week high of $163.95. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.83. The stock has a market cap of $6.55 billion, a PE ratio of 48.93 and a beta of 1.07.

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.13. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. FirstService had a return on equity of 20.86% and a net margin of 3.25%. As a group, research analysts expect that FirstService Co. will post 4.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FSV shares. Royal Bank of Canada upped their price target on FirstService from $165.00 to $173.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. TheStreet upgraded shares of FirstService from a “c+” rating to a “b-” rating in a report on Thursday, July 27th. BMO Capital Markets raised shares of FirstService from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $166.00 to $176.00 in a research report on Friday, June 30th. TD Securities raised shares of FirstService from a “hold” rating to a “buy” rating and lifted their target price for the stock from $150.00 to $170.00 in a research report on Thursday, April 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of FirstService from $143.00 to $145.00 in a research note on Thursday, April 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.80.

Get Our Latest Stock Report on FirstService

FirstService Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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