Montrusco Bolton Investments Inc. Sells 58,839 Shares of FirstService Corporation $FSV

Posted by Brian Himes on Oct 13th, 2026

Montrusco Bolton Investments Inc. lowered its stake in FirstService Corporation (NASDAQ:FSV – Free Report) (TSE:FSV) by 23.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195,494 shares of the financial services provider’s stock after selling 58,839 shares during the period. Montrusco Bolton Investments Inc.’s holdings in FirstService were worth $25,090,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Conestoga Capital Advisors LLC increased its holdings in shares of FirstService by 19.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,405,564 shares of the financial services provider’s stock valued at $195,289,000 after acquiring an additional 233,043 shares during the last quarter. SEB Asset Management AB acquired a new stake in FirstService in the 1st quarter worth approximately $31,487,000. Janus Henderson Group PLC lifted its holdings in FirstService by 16.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,587,454 shares of the financial services provider’s stock worth $220,560,000 after purchasing an additional 219,890 shares during the last quarter. Brown Advisory Inc. boosted its position in FirstService by 37.7% during the fourth quarter. Brown Advisory Inc. now owns 330,980 shares of the financial services provider’s stock worth $51,477,000 after purchasing an additional 90,676 shares during the period. Finally, Royal Bank of Canada boosted its position in FirstService by 15.7% during the first quarter. Royal Bank of Canada now owns 573,421 shares of the financial services provider’s stock worth $79,672,000 after purchasing an additional 77,758 shares during the period. Institutional investors own 69.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. TD increased their price target on FirstService from $204.00 to $207.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. BMO Capital Markets reduced their price objective on shares of FirstService from $199.00 to $192.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. TD Securities reaffirmed a “buy” rating and set a $195.00 price objective on shares of FirstService in a report on Friday, July 24th. Wall Street Zen lowered shares of FirstService from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of FirstService in a research note on Wednesday, August 26th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, FirstService currently has a consensus rating of “Moderate Buy” and an average price target of $184.20.

Read Our Latest Research Report on FirstService

FirstService Stock Performance

FSV traded up $1.23 during midday trading on Tuesday, reaching $130.81. The company’s stock had a trading volume of 126,545 shares, compared to its average volume of 213,454. The stock has a market cap of $5.71 billion, a P/E ratio of 37.06, a PEG ratio of 2.87 and a beta of 0.95. The company has a fifty day simple moving average of $136.77 and a 200 day simple moving average of $138.84. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.03. FirstService Corporation has a twelve month low of $119.41 and a twelve month high of $189.05.

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.71 by $0.04. FirstService had a return on equity of 18.07% and a net margin of 2.88%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business posted $1.71 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Research analysts expect that FirstService Corporation will post 5.61 earnings per share for the current year.

FirstService Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 30th were paid a $0.3050 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.22 annualized dividend and a dividend yield of 0.9%. FirstService’s dividend payout ratio (DPR) is presently 34.56%.

FirstService Profile

(Free Report)

FirstService Corporation is a North American property services company headquartered in Toronto, Canada. The company provides services to residential and commercial properties through two primary business segments: FirstService Residential and FirstService Brands.

FirstService Residential provides property management and related services for condominium, cooperative, homeowners’ association and other residential communities. Its services include community administration, financial management, maintenance coordination, customer support and project management.