SP has been the topic of a number of other research reports. Barrington Research set a $43.00 price objective on SP Plus and gave the company a buy rating in a report on Friday, July 12th. ValuEngine raised SP Plus from a sell rating to a hold rating in a report on Thursday, October 31st. Finally, Zacks Investment Research lowered SP Plus from a buy rating to a hold rating in a report on Wednesday, October 9th.
SP Plus stock traded down $0.05 during midday trading on Tuesday, reaching $45.78. The company’s stock had a trading volume of 82,600 shares, compared to its average volume of 96,487. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.79. SP Plus has a fifty-two week low of $27.13 and a fifty-two week high of $47.33. The business has a 50-day simple moving average of $39.27 and a 200-day simple moving average of $35.07. The company has a market cap of $1.05 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.67 and a beta of 0.98.
SP Plus (NASDAQ:SP) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.11. SP Plus had a return on equity of 16.39% and a net margin of 3.03%. The firm had revenue of $418.60 million for the quarter, compared to analyst estimates of $231.35 million. As a group, equities analysts forecast that SP Plus will post 2.75 earnings per share for the current year.
In related news, insider Gerard M. Klaisle sold 1,250 shares of SP Plus stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $36.91, for a total transaction of $46,137.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G Marc Baumann sold 3,800 shares of SP Plus stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $46.63, for a total value of $177,194.00. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can raised its position in shares of SP Plus by 1,770.6% during the 2nd quarter. Bank of Montreal Can now owns 2,039 shares of the business services provider’s stock worth $65,000 after purchasing an additional 1,930 shares during the last quarter. ETF Managers Group LLC acquired a new position in SP Plus in the 2nd quarter valued at $184,000. Campbell & CO Investment Adviser LLC acquired a new position in SP Plus in the 2nd quarter valued at $207,000. Paloma Partners Management Co acquired a new position in SP Plus in the 2nd quarter valued at $237,000. Finally, BBT Capital Management LLC acquired a new position in SP Plus in the 2nd quarter valued at $336,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.
SP Plus Company Profile
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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