Raymond James & Associates Has $4.45 Million Holdings in SP Plus Co. (NASDAQ:SP)

Raymond James & Associates lessened its holdings in SP Plus Co. (NASDAQ:SP – Get Rating) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,065 shares of the business services provider’s stock after selling 2,894 shares during the period. Raymond James & Associates owned about 0.63% of SP Plus worth $4,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Jump Financial LLC grew its position in shares of SP Plus by 3.7% during the 3rd quarter. Jump Financial LLC now owns 11,200 shares of the business services provider’s stock valued at $351,000 after acquiring an additional 400 shares during the period. Bank of Montreal Can grew its position in shares of SP Plus by 5.9% during the 2nd quarter. Bank of Montreal Can now owns 12,819 shares of the business services provider’s stock valued at $400,000 after acquiring an additional 715 shares during the period. Tudor Investment Corp Et Al grew its position in shares of SP Plus by 4.1% during the 3rd quarter. Tudor Investment Corp Et Al now owns 24,975 shares of the business services provider’s stock valued at $782,000 after acquiring an additional 981 shares during the period. Comerica Bank grew its position in shares of SP Plus by 1.9% during the 4th quarter. Comerica Bank now owns 58,307 shares of the business services provider’s stock valued at $2,104,000 after acquiring an additional 1,099 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in SP Plus by 125.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,996 shares of the business services provider’s stock worth $63,000 after buying an additional 1,110 shares during the period. Institutional investors and hedge funds own 98.85% of the company’s stock.

SP Plus Stock Up 0.5 %

SP opened at $37.06 on Wednesday. The company has a 50 day moving average of $34.18 and a 200 day moving average of $34.98. The company has a market cap of $727.49 million, a PE ratio of 17.99 and a beta of 1.36. SP Plus Co. has a 12 month low of $28.18 and a 12 month high of $39.60. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.62.

SP Plus (NASDAQ:SP – Get Rating) last posted its earnings results on Wednesday, February 22nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.17). SP Plus had a return on equity of 24.33% and a net margin of 2.63%. The firm had revenue of $206.40 million during the quarter, compared to analysts’ expectations of $205.59 million. On average, sell-side analysts expect that SP Plus Co. will post 2.82 EPS for the current year.

Analyst Upgrades and Downgrades

SP has been the subject of several analyst reports. Barrington Research raised their price objective on shares of SP Plus from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, February 27th. StockNews.com downgraded shares of SP Plus from a “buy” rating to a “hold” rating in a report on Friday, May 12th.

Insiders Place Their Bets

In other SP Plus news, CEO G Marc Baumann sold 10,408 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $34.36, for a total value of $357,618.88. Following the sale, the chief executive officer now directly owns 175,471 shares in the company, valued at approximately $6,029,183.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.38% of the company’s stock.

SP Plus Company Profile

(Get Rating)

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 firm operates through the following segments: Commercial, Aviation, and Other.