Insider Selling: FirstService Co. (TSE:FSV) Senior Officer Sells C$420,400.00 in Stock

FirstService Co. (TSE:FSV) (NASDAQ:FSV) Senior Officer Douglas G. Cooke sold 1,600 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$262.75, for a total transaction of C$420,400.00.

FirstService Stock Performance

Shares of FSV opened at C$262.10 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 105.28. FirstService Co. has a 52-week low of C$193.77 and a 52-week high of C$267.26. The company has a 50-day simple moving average of C$251.90 and a 200-day simple moving average of C$228.08. The company has a market capitalization of C$11.80 billion, a PE ratio of 107.86, a P/E/G ratio of 107.75 and a beta of 0.96.

FirstService Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were issued a $0.337 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.35 dividend on an annualized basis and a yield of 0.51%. FirstService’s dividend payout ratio (DPR) is presently 55.56%.

Analyst Upgrades and Downgrades

Separately, TD Securities boosted their target price on FirstService from C$182.00 to C$194.00 and gave the stock a “hold” rating in a research report on Monday, October 28th.

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.