SP Plus Corp (NASDAQ:SP)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $38.86 and last traded at $38.64, with a volume of 10621 shares changing hands. The stock had previously closed at $38.42.
Several research firms recently weighed in on SP. ValuEngine lowered shares of SP Plus from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. BidaskClub lowered shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Zacks Investment Research lowered shares of SP Plus from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Barrington Research set a $43.00 price objective on shares of SP Plus and gave the stock a “buy” rating in a research note on Friday, July 12th.
The stock has a market cap of $859.43 million, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. The firm’s 50 day moving average is $36.57 and its two-hundred day moving average is $34.21. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.81.
SP Plus (NASDAQ:SP) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.06. The firm had revenue of $414.20 million for the quarter, compared to analyst estimates of $238.15 million. SP Plus had a net margin of 3.10% and a return on equity of 15.99%. On average, analysts anticipate that SP Plus Corp will post 2.71 EPS for the current fiscal year.
In other SP Plus news, insider Gerard M. Klaisle sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $36.91, for a total value of $46,137.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Bank of Montreal Can increased its stake in shares of SP Plus by 1,770.6% in the second quarter. Bank of Montreal Can now owns 2,039 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 1,930 shares during the period. ETF Managers Group LLC acquired a new stake in shares of SP Plus in the second quarter valued at approximately $184,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of SP Plus in the second quarter valued at approximately $207,000. Paloma Partners Management Co acquired a new stake in shares of SP Plus in the second quarter valued at approximately $237,000. Finally, BBT Capital Management LLC acquired a new stake in shares of SP Plus in the second quarter valued at approximately $336,000. Institutional investors own 98.30% of the company’s stock.
SP Plus Company Profile (NASDAQ:SP)
SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The company was founded in 1929 and is headquartered in Chicago, IL.
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