Entropy Technologies LP Has $778,000 Stake in FirstService Co. (NASDAQ:FSV)

Entropy Technologies LP lifted its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 19.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,300 shares of the financial services provider’s stock after buying an additional 700 shares during the quarter. Entropy Technologies LP’s holdings in FirstService were worth $778,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FSV. Versant Capital Management Inc acquired a new stake in FirstService during the 4th quarter worth about $29,000. Trust Co. of Vermont bought a new stake in shares of FirstService during the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB acquired a new stake in FirstService during the third quarter worth approximately $53,000. Venturi Wealth Management LLC bought a new stake in FirstService in the third quarter worth approximately $66,000. Finally, Blue Trust Inc. lifted its stake in FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock valued at $133,000 after buying an additional 446 shares during the period. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Down 1.6 %

Shares of NASDAQ FSV opened at $174.10 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The stock has a market capitalization of $7.88 billion, a P/E ratio of 58.62 and a beta of 1.06. The company has a 50-day moving average price of $182.63 and a 200-day moving average price of $182.08.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.275 per share. This is a positive change from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, March 31st. FirstService’s payout ratio is currently 33.67%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Raymond James raised their price objective on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. TD Securities lifted their price target on shares of FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Scotiabank increased their price objective on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus increased their price target on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, FirstService currently has a consensus rating of “Moderate Buy” and an average target price of $201.67.

FirstService 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.