River Road Asset Management LLC Sells 176,286 Shares of SP Plus Co. (NASDAQ:SP)

River Road Asset Management LLC decreased its holdings in shares of SP Plus Co. (NASDAQ:SP) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,428,239 shares of the business services provider’s stock after selling 176,286 shares during the quarter. River Road Asset Management LLC owned about 7.27% of SP Plus worth $73,197,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. bought a new stake in shares of SP Plus in the 1st quarter worth approximately $143,000. Bank of Montreal Can raised its holdings in shares of SP Plus by 10.8% in the 1st quarter. Bank of Montreal Can now owns 12,104 shares of the business services provider’s stock worth $382,000 after buying an additional 1,181 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of SP Plus by 55.9% in the 1st quarter. MetLife Investment Management LLC now owns 12,514 shares of the business services provider’s stock worth $392,000 after buying an additional 4,488 shares in the last quarter. Sei Investments Co. raised its holdings in shares of SP Plus by 24.7% in the 1st quarter. Sei Investments Co. now owns 152,606 shares of the business services provider’s stock worth $4,788,000 after buying an additional 30,186 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of SP Plus by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 1,180,371 shares of the business services provider’s stock worth $37,017,000 after buying an additional 28,176 shares in the last quarter. Institutional investors own 93.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TheStreet cut SP Plus from a “b” rating to a “c+” rating in a report on Tuesday, February 27th. StockNews.com started coverage on SP Plus in a report on Sunday. They set a “hold” rating for the company.

SP Plus Stock Down 0.1 %

SP traded down $0.03 on Wednesday, hitting $51.52. 294,061 shares of the company were exchanged, compared to its average volume of 190,377. SP Plus Co. has a 12 month low of $32.78 and a 12 month high of $52.56. The company has a market cap of $1.02 billion, a PE ratio of 33.07 and a beta of 1.22. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.71 and a current ratio of 0.71. The stock’s fifty day moving average is $51.69 and its 200-day moving average is $50.86.

SP Plus (NASDAQ:SP) last released its earnings results on Tuesday, February 27th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.25). The company had revenue of $217.20 million for the quarter, compared to the consensus estimate of $235.44 million. SP Plus had a return on equity of 22.49% and a net margin of 1.74%. Equities research analysts predict that SP Plus Co. will post 3.42 EPS for the current fiscal year.

SP Plus Profile

SP Plus Corporation provides mobility solutions, parking services, parking management, ground transportation, baggage handling, and other ancillary services. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services.