SP Plus Corporation (NASDAQ:SP) major shareholder Walter S. Woltosz sold 18,500 shares of SP Plus Corporation stock in a transaction that occurred on Saturday, October 28th. The shares were sold at an average price of $16.37, for a total transaction of $302,845.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of SP Plus Corporation (NASDAQ SP) traded down 3.37% during mid-day trading on Monday, hitting $38.70. 149,913 shares of the company were exchanged. The stock has a market cap of $859.22 million, a PE ratio of 22.47 and a beta of 0.99. SP Plus Corporation has a 12-month low of $22.60 and a 12-month high of $41.25. The stock’s 50-day moving average price is $39.19 and its 200 day moving average price is $34.18.

SP Plus Corporation (NASDAQ:SP) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.11. SP Plus Corporation had a return on equity of 13.82% and a net margin of 2.36%. The company had revenue of $415.40 million during the quarter, compared to analyst estimates of $223.35 million. On average, equities analysts anticipate that SP Plus Corporation will post $1.69 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of SP. US Bancorp DE lifted its holdings in shares of SP Plus Corporation by 3.1% during the second quarter. US Bancorp DE now owns 3,329 shares of the business services provider’s stock worth $102,000 after buying an additional 100 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of SP Plus Corporation by 5.0% during the second quarter. Legal & General Group Plc now owns 4,205 shares of the business services provider’s stock worth $129,000 after buying an additional 200 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of SP Plus Corporation by 678.9% during the second quarter. Acadian Asset Management LLC now owns 5,748 shares of the business services provider’s stock worth $176,000 after buying an additional 5,010 shares during the last quarter. California Public Employees Retirement System acquired a new position in shares of SP Plus Corporation during the second quarter worth approximately $214,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of SP Plus Corporation during the second quarter worth approximately $221,000. Institutional investors own 95.81% of the company’s stock.

SP has been the subject of a number of research analyst reports. BidaskClub lowered shares of SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of SP Plus Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Friday, August 4th. Finally, ValuEngine upgraded shares of SP Plus Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

About SP Plus Corporation

SP Plus Corporation (SP Plus) is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company’s segments include Region One (Urban), Region Two (Airport transportation), Region Three and Other.

Insider Buying and Selling by Quarter for SP Plus Corporation (NASDAQ:SP)

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