Montrusco Bolton Investments 13F: Cuts FSV Stake by $7.6M

Montrusco Bolton Investments has trimmed its holdings in FirstService Corporation (NasdaqGS: FSV) by 23.1%, according to its latest Form 13F filing with the SEC. The investment firm sold 58,839 shares, leaving it with 195,494 shares valued at approximately $25.1 million. This filing reflects the firm's position as of the end of the reporting period and may not represent its current holdings.

What Changed in Montrusco Bolton's FirstService Position

Montrusco Bolton Investments decreased its stake in FirstService Corporation by 23.1%, reducing its holdings from 254,333 shares to 195,494 shares. The shares sold were valued at about $25.1 million at the time of the filing.

FirstService Corporation Stock Up 4.4%

Shares of FirstService Corporation, listed on the NasdaqGS under the ticker FSV, have a market cap of approximately $5.81 billion. The company has a P/E ratio of 37.77 and a forward P/E of 19.85, indicating investor expectations for future earnings. With a beta of 0.898, the stock is less volatile than the broader market. Over the past year, FirstService's stock has traded between $119.41 and $198.16, with its 50-day moving average at $141.00 and its 200-day moving average at $145.17. The company's current ratio stands at 1.67, with a quick ratio of 1.20 and a debt-to-equity ratio of 90.37.

Recent Earnings

FirstService Corporation reported revenues of approximately $5.60 billion, reflecting a growth rate of 2.4%. The company's net margin was 2.88%, while its return on equity (ROE) was 11.97%. The next earnings announcement is expected on October 22, 2026.

Dividend

FirstService Corporation pays an annual dividend of $1.22 per share, yielding 0.94%. The company's dividend payout ratio is 32.86%, indicating the proportion of earnings paid to shareholders.

About FirstService Corporation

FirstService Corporation, headquartered in Toronto, Canada, provides property management and related services in the United States and Canada. Operating through its FirstService Residential and FirstService Brands segments, the company offers services ranging from property management to restoration and painting. Led by CEO Mr. D. Scott Patterson, FirstService employs around 30,000 people.

Bottom Line

Montrusco Bolton's decision to reduce its stake in FirstService Corporation is part of its recent portfolio adjustments. Investors keep an eye on such filings to gauge institutional sentiment toward a company. It's important to remember that 13F filings are backward-looking and may not represent current positions.