Sawgrass Asset Management LLC boosted its position in shares of SP Plus Corporation (NASDAQ:SP) by 85.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,070 shares of the business services provider’s stock after purchasing an additional 18,020 shares during the quarter. Sawgrass Asset Management LLC owned about 0.17% of SP Plus Corporation worth $1,543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SP. Bernzott Capital Advisors increased its holdings in shares of SP Plus Corporation by 4.7% in the 2nd quarter. Bernzott Capital Advisors now owns 945,720 shares of the business services provider’s stock valued at $28,892,000 after acquiring an additional 42,825 shares during the period. Vanguard Group Inc. increased its holdings in shares of SP Plus Corporation by 22.3% in the 2nd quarter. Vanguard Group Inc. now owns 942,891 shares of the business services provider’s stock valued at $28,805,000 after acquiring an additional 172,123 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of SP Plus Corporation by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 914,092 shares of the business services provider’s stock valued at $27,926,000 after acquiring an additional 146,869 shares during the period. Investment Counselors of Maryland LLC increased its holdings in shares of SP Plus Corporation by 11.7% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 712,112 shares of the business services provider’s stock valued at $21,755,000 after acquiring an additional 74,441 shares during the period. Finally, Wedge Capital Management L L P NC increased its holdings in shares of SP Plus Corporation by 18.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 623,290 shares of the business services provider’s stock valued at $19,042,000 after acquiring an additional 98,127 shares during the period. Institutional investors own 95.37% of the company’s stock.

Shares of SP Plus Corporation (NASDAQ:SP) opened at $38.95 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $877.18, a price-to-earnings ratio of 21.28, a PEG ratio of 2.29 and a beta of 1.01. SP Plus Corporation has a 52-week low of $27.05 and a 52-week high of $41.25.

SP Plus Corporation (NASDAQ:SP) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08. The firm had revenue of $392.70 million during the quarter, compared to analysts’ expectations of $228.10 million. SP Plus Corporation had a return on equity of 14.29% and a net margin of 2.64%. research analysts expect that SP Plus Corporation will post 1.7 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on SP. ValuEngine cut SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub cut SP Plus Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 17th. Finally, Zacks Investment Research cut SP Plus Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th.

In other SP Plus Corporation news, major shareholder Walter S. Woltosz sold 18,500 shares of SP Plus Corporation stock in a transaction dated Saturday, October 28th. The stock was sold at an average price of $16.37, for a total transaction of $302,845.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

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SP Plus Corporation Company Profile

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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Institutional Ownership by Quarter for SP Plus Corporation (NASDAQ:SP)

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