SP Plus Co. (NASDAQ:SP) Stock Position Cut by North Star Investment Management Corp.

North Star Investment Management Corp. reduced its stake in SP Plus Co. (NASDAQ:SP – Get Rating) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 192,605 shares of the business services provider’s stock after selling 1,000 shares during the period. North Star Investment Management Corp. owned 0.96% of SP Plus worth $6,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SP. Segall Bryant & Hamill LLC boosted its stake in SP Plus by 1.6% during the third quarter. Segall Bryant & Hamill LLC now owns 1,474,901 shares of the business services provider’s stock valued at $46,193,000 after buying an additional 22,960 shares in the last quarter. Wellington Management Group LLP boosted its stake in SP Plus by 5.9% during the first quarter. Wellington Management Group LLP now owns 1,434,482 shares of the business services provider’s stock valued at $44,985,000 after buying an additional 80,286 shares in the last quarter. Vanguard Group Inc. boosted its stake in SP Plus by 3.2% during the third quarter. Vanguard Group Inc. now owns 1,263,244 shares of the business services provider’s stock valued at $39,565,000 after buying an additional 39,535 shares in the last quarter. Aristotle Capital Boston LLC boosted its stake in SP Plus by 5.3% during the second quarter. Aristotle Capital Boston LLC now owns 903,009 shares of the business services provider’s stock valued at $27,740,000 after buying an additional 45,630 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in SP Plus by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 813,472 shares of the business services provider’s stock valued at $25,479,000 after buying an additional 10,772 shares in the last quarter. 98.85% of the stock is currently owned by institutional investors.

Insider Activity at SP Plus

In related news, CEO G Marc Baumann sold 10,408 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $34.36, for a total value of $357,618.88. Following the completion of the transaction, the chief executive officer now owns 175,471 shares in the company, valued at approximately $6,029,183.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on SP shares. StockNews.com started coverage on SP Plus in a research note on Thursday. They set a “hold” rating for the company. Barrington Research raised their target price on SP Plus from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, February 27th.

SP Plus Trading Down 1.9 %

NASDAQ:SP opened at $32.32 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.47. SP Plus Co. has a 1-year low of $27.69 and a 1-year high of $39.60. The firm has a market capitalization of $629.59 million, a price-to-earnings ratio of 15.10 and a beta of 1.36. The stock has a fifty day simple moving average of $35.98 and a 200 day simple moving average of $34.64.

SP Plus Company Profile

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SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The firm operates through the following segments: Commercial, Aviation, and Other.