Jacobson & Schmitt Advisors Boosts FirstService Stake by 49,829 Shares Worth $8.11 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4h ago
0mins
Source: NASDAQ.COM
- Share Increase: Jacobson & Schmitt Advisors increased its stake in FirstService by 49,829 shares in Q4, with an estimated trade size of $8.11 million, reflecting ongoing confidence in the company.
- Value Appreciation: As of December 31, the total shares held by Jacobson & Schmitt reached 144,994, valued at $22.55 million, which is an increase of $4.42 million from the previous quarter, indicating a positive price movement.
- Portfolio Allocation: The stake in FirstService now represents 3.8% of Jacobson & Schmitt's $593.94 million U.S. equity portfolio, highlighting a strategic focus on stable, needs-based demand businesses.
- Stable Financial Performance: FirstService reported a 4% year-over-year revenue increase to $1.45 billion in Q3, with adjusted EBITDA rising 3% to $164.8 million, demonstrating robust fundamentals despite market fluctuations.
Analyst Views on FSV
Wall Street analysts forecast FSV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSV is 211.83 USD with a low forecast of 205.00 USD and a high forecast of 216.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 159.900
Low
205.00
Averages
211.83
High
216.00
Current: 159.900
Low
205.00
Averages
211.83
High
216.00
About FSV
FirstService Corporation is a provider of residential property management and other essential property services to residential and commercial customers. Its segments include FirstService Residential and FirstService Brands. FirstService Residential is a full-service property manager and, in many markets, provides a full range of ancillary services primarily in the areas: on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel; proprietary banking and insurance products, and energy conservation and management solutions. FirstService Brands provides a range of essential property services to residential and commercial customers in North America through its own locations and franchise networks. Its principal brands include First Onsite Property Restoration, Paul Davis Restoration, Roofing Corp of America, Century Fire Protection, California Closets, CertaPro Painters, and Pillar to Post Home Inspectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
