Dudley & Shanley LLC boosted its stake in SP Plus Corp. (NASDAQ:SP) by 15.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,050 shares of the company’s stock after buying an additional 1,500 shares during the period. SP Plus Corp. makes up approximately 0.1% of Dudley & Shanley LLC’s portfolio, making the stock its 29th largest position. Dudley & Shanley LLC’s holdings in SP Plus Corp. were worth $250,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SP. Ngam Advisors L.P. raised its stake in SP Plus Corp. by 10.8% in the first quarter. Ngam Advisors L.P. now owns 20,603 shares of the company’s stock valued at $496,000 after buying an additional 2,012 shares during the last quarter. AXA raised its stake in SP Plus Corp. by 164.3% in the first quarter. AXA now owns 57,681 shares of the company’s stock valued at $1,388,000 after buying an additional 35,854 shares in the last quarter. Nuveen Asset Management LLC raised its stake in SP Plus Corp. by 7.5% in the first quarter. Nuveen Asset Management LLC now owns 99,433 shares of the company’s stock valued at $2,392,000 after buying an additional 6,907 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in SP Plus Corp. by 117.5% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 145,298 shares of the company’s stock valued at $3,281,000 after buying an additional 78,497 shares in the last quarter. Finally, Aristotle Capital Boston LLC raised its stake in SP Plus Corp. by 3.2% in the first quarter. Aristotle Capital Boston LLC now owns 232,797 shares of the company’s stock valued at $5,601,000 after buying an additional 7,223 shares in the last quarter. 75.13% of the stock is owned by institutional investors.
Shares of SP Plus Corp. (NASDAQ:SP) traded down 0.25% during midday trading on Monday, hitting $23.70. The company’s stock had a trading volume of 11,034 shares. SP Plus Corp. has a 52-week low of $20.41 and a 52-week high of $26.39. The firm has a market cap of $528.94 million, a P/E ratio of 41.58 and a beta of 0.95. The stock’s 50 day moving average is $25.08 and its 200-day moving average is $23.72.
SP Plus Corp. (NASDAQ:SP) last posted its earnings results on Wednesday, August 3rd. The company reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. SP Plus Corp. had a net margin of 0.80% and a return on equity of 8.88%. Equities analysts predict that SP Plus Corp. will post $1.16 EPS for the current fiscal year.
Separately, Zacks Investment Research raised SP Plus Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
In related news, Director James A. Wilhelm sold 5,000 shares of SP Plus Corp. stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $24.61, for a total value of $123,050.00. Following the sale, the director now owns 21,848 shares of the company’s stock, valued at approximately $537,679.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James A. Wilhelm sold 12,000 shares of SP Plus Corp. stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $25.50, for a total transaction of $306,000.00. Following the completion of the sale, the director now directly owns 9,848 shares in the company, valued at approximately $251,124. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
SP Plus Corp. Company Profile
SP Plus Corporation provides parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States, Puerto Rico and Canada. The Company operates through six segments: Region One (North reporting unit), Region Two (South reporting unit), Region Three (New York Metropolitan tri-state area of New York, New Jersey and Connecticut reporting unit), Region Four (Airport transportation operations around the nation reporting unit) and Region Five (the United States Parking reporting unit and event planning and transportation services reporting unit).
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