According to Zacks, “SP Plus Corporation provides professional parking, ground transportation, facility maintenance, security and event logistics services to property owners and managers in all markets of the real estate industry. The Company also provides a range of ancillary services, such as airport shuttle operations, taxi and livery dispatch services and municipal meter revenue collection and enforcement services. Its clients include owners of office building complexes, shopping centers, sports complexes, hotels, hospitals, and various airports. SP Plus Corporation, formerly known as Standard Parking Corporation, is based in United States. “
SP Plus Corp. (NASDAQ:SP) opened at 25.44 on Friday. The firm has a market capitalization of $567.77 million, a price-to-earnings ratio of 44.63 and a beta of 0.95. The company’s 50-day moving average price is $25.21 and its 200-day moving average price is $23.67. SP Plus Corp. has a 12-month low of $20.41 and a 12-month high of $26.39.
SP Plus Corp. (NASDAQ:SP) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. SP Plus Corp. had a return on equity of 8.88% and a net margin of 0.80%. Equities analysts expect that SP Plus Corp. will post $1.16 EPS for the current fiscal year.
In other SP Plus Corp. news, insider William H. Bodenhamer sold 15,726 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $23.08, for a total value of $362,956.08. Following the transaction, the insider now owns 7,283 shares of the company’s stock, valued at $168,091.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James A. Wilhelm sold 5,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $24.61, for a total value of $123,050.00. Following the completion of the transaction, the director now directly owns 21,848 shares in the company, valued at approximately $537,679.28. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. American International Group Inc. raised its position in SP Plus Corp. by 1.4% in the second quarter. American International Group Inc. now owns 9,948 shares of the company’s stock worth $225,000 after buying an additional 136 shares in the last quarter. Victory Capital Management Inc. raised its position in SP Plus Corp. by 0.7% in the second quarter. Victory Capital Management Inc. now owns 20,511 shares of the company’s stock worth $463,000 after buying an additional 145 shares in the last quarter. I.G. Investment Management LTD. raised its position in SP Plus Corp. by 0.6% in the second quarter. I.G. Investment Management LTD. now owns 54,708 shares of the company’s stock worth $1,235,000 after buying an additional 346 shares in the last quarter. Nationwide Fund Advisors raised its position in SP Plus Corp. by 2.9% in the second quarter. Nationwide Fund Advisors now owns 12,709 shares of the company’s stock worth $287,000 after buying an additional 355 shares in the last quarter. Finally, BlackRock Advisors LLC raised its position in SP Plus Corp. by 4.8% in the second quarter. BlackRock Advisors LLC now owns 8,586 shares of the company’s stock worth $194,000 after buying an additional 397 shares in the last quarter. 75.12% of the stock is currently owned by institutional investors.
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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