Rice Hall James & Associates LLC decreased its holdings in SP Plus Corp (NASDAQ:SP) by 4.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,853 shares of the business services provider’s stock after selling 2,413 shares during the period. Rice Hall James & Associates LLC owned about 0.21% of SP Plus worth $1,528,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in SP Plus during the first quarter worth approximately $228,000. WCM Investment Management LLC grew its position in SP Plus by 63.8% during the first quarter. WCM Investment Management LLC now owns 510,745 shares of the business services provider’s stock worth $17,427,000 after buying an additional 198,951 shares in the last quarter. Martingale Asset Management L P grew its position in SP Plus by 11.3% during the first quarter. Martingale Asset Management L P now owns 168,339 shares of the business services provider’s stock worth $5,745,000 after buying an additional 17,098 shares in the last quarter. OLD Second National Bank of Aurora acquired a new stake in SP Plus during the first quarter worth approximately $26,000. Finally, Rothschild & Co. Asset Management US Inc. grew its position in SP Plus by 7.7% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 289,655 shares of the business services provider’s stock worth $9,249,000 after buying an additional 20,811 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.
NASDAQ:SP traded up $0.70 during trading hours on Friday, hitting $34.88. 928 shares of the company were exchanged, compared to its average volume of 91,338. The stock has a market capitalization of $805.04 million, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.81. SP Plus Corp has a one year low of $27.13 and a one year high of $41.20. The company has a fifty day simple moving average of $33.89 and a 200 day simple moving average of $33.64.
A number of brokerages have weighed in on SP. BidaskClub downgraded SP Plus from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Barrington Research set a $43.00 price target on SP Plus and gave the company a “buy” rating in a research note on Friday, July 12th. Zacks Investment Research upgraded SP Plus from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Saturday, August 3rd. Finally, ValuEngine upgraded SP Plus from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. SP Plus currently has a consensus rating of “Buy” and an average price target of $44.00.
SP Plus 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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