Schwab Charles Investment Management Inc. raised its position in SP Plus Corp (NASDAQ:SP) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,076 shares of the business services provider’s stock after acquiring an additional 1,607 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.70% of SP Plus worth $5,828,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Zions Bancorporation purchased a new stake in shares of SP Plus during the 3rd quarter worth approximately $108,000. SG Americas Securities LLC purchased a new stake in shares of SP Plus during the 3rd quarter worth approximately $141,000. Magnetar Financial LLC purchased a new stake in shares of SP Plus during the 3rd quarter worth approximately $271,000. California Public Employees Retirement System purchased a new stake in shares of SP Plus during the 2nd quarter worth approximately $214,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of SP Plus during the 3rd quarter worth approximately $337,000. Institutional investors own 96.52% of the company’s stock.
Shares of SP Plus Corp (NASDAQ:SP) opened at $37.75 on Wednesday. SP Plus Corp has a 12-month low of $28.10 and a 12-month high of $41.70. The company has a market cap of $834.08, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.85 and a quick ratio of 0.85.
SP has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of SP Plus from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. BidaskClub downgraded shares of SP Plus from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Finally, Barrington Research reiterated an “outperform” rating and issued a $42.00 price target (up previously from $39.00) on shares of SP Plus in a research report on Monday, March 5th.
In other SP Plus news, CEO G Marc Baumann sold 1,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $38.00, for a total value of $38,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas L. Hagerman sold 833 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $36.20, for a total transaction of $30,154.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,333 shares of company stock valued at $354,280. 1.40% of the stock is owned by insiders.
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About SP Plus
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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