Northern Trust Corp boosted its position in SP Plus Corporation (NASDAQ:SP) by 9.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 270,400 shares of the business services provider’s stock after buying an additional 24,087 shares during the quarter. Northern Trust Corp owned approximately 1.22% of SP Plus Corporation worth $8,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in shares of SP Plus Corporation by 3.1% in the second quarter. US Bancorp DE now owns 3,329 shares of the business services provider’s stock worth $102,000 after acquiring an additional 100 shares during the period. Legal & General Group Plc boosted its holdings in shares of SP Plus Corporation by 5.0% in the second quarter. Legal & General Group Plc now owns 4,205 shares of the business services provider’s stock worth $129,000 after acquiring an additional 200 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of SP Plus Corporation by 678.9% in the second quarter. Acadian Asset Management LLC now owns 5,748 shares of the business services provider’s stock worth $176,000 after acquiring an additional 5,010 shares during the period. Atria Investments LLC boosted its holdings in shares of SP Plus Corporation by 1.5% in the second quarter. Atria Investments LLC now owns 9,425 shares of the business services provider’s stock worth $288,000 after acquiring an additional 143 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of SP Plus Corporation by 3.5% in the second quarter. Russell Investments Group Ltd. now owns 10,330 shares of the business services provider’s stock worth $316,000 after acquiring an additional 348 shares during the period. 95.19% of the stock is owned by institutional investors and hedge funds.

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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.

Shares of SP Plus Corporation (NASDAQ SP) opened at $36.85 on Friday. The stock has a market capitalization of $820.88, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.17 and a beta of 1.01. SP Plus Corporation has a 52 week low of $25.00 and a 52 week high of $41.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.82 and a current ratio of 0.82.

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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.08. The company had revenue of $392.70 million during the quarter, compared to analyst estimates of $228.10 million. SP Plus Corporation had a return on equity of 14.29% and a net margin of 2.64%. equities analysts expect that SP Plus Corporation will post 1.68 EPS for the current fiscal year.

Several research firms recently issued reports on SP. BidaskClub lowered SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine lowered SP Plus Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised SP Plus Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Saturday, November 4th.

TRADEMARK VIOLATION NOTICE: “Northern Trust Corp Purchases 24,087 Shares of SP Plus Corporation (SP)” was posted by Daily Political and is the property of of Daily Political. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2017/11/10/northern-trust-corp-purchases-24087-shares-of-sp-plus-corporation-sp.html.

SP Plus Corporation 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.

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

Receive News & Ratings for SP Plus Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SP Plus Corporation and related companies with MarketBeat.com's FREE daily email newsletter.