G Marc Baumann Sells 1,000 Shares of SP Plus Corp (SP) Stock

SP Plus Corp (NASDAQ:SP) CEO G Marc Baumann sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of SP Plus Corp (NASDAQ:SP) traded down $1.55 during trading hours on Monday, reaching $36.85. 89,681 shares of the company’s stock traded hands, compared to its average volume of 130,453. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.82 and a current ratio of 0.82. SP Plus Corp has a 1 year low of $27.05 and a 1 year high of $41.70. The company has a market cap of $864.79, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07.

Several brokerages have commented on SP. BidaskClub downgraded shares of SP Plus from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research raised shares of SP Plus from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Saturday, November 4th.

A number of large investors have recently made changes to their positions in SP. Janus Henderson Group PLC bought a new position in SP Plus in the 2nd quarter valued at $14,540,000. FMR LLC purchased a new stake in shares of SP Plus during the 2nd quarter valued at $10,693,000. Granite Investment Partners LLC purchased a new stake in shares of SP Plus during the 3rd quarter valued at $11,443,000. Vanguard Group Inc. raised its position in shares of SP Plus by 22.3% during the 2nd quarter. Vanguard Group Inc. now owns 942,891 shares of the business services provider’s stock valued at $28,805,000 after buying an additional 172,123 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of SP Plus by 16.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,067,822 shares of the business services provider’s stock valued at $42,179,000 after buying an additional 153,730 shares in the last quarter. 96.99% of the stock is owned by hedge funds and other institutional investors.

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SP Plus Company Profile

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.

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