15,823 Shares in Diversey Holdings, Ltd. (NASDAQ:DSEY) Bought by Ethic Inc.

Posted by on Mar 10th, 2023

Ethic Inc. purchased a new position in Diversey Holdings, Ltd. (NASDAQ:DSEY – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,823 shares of the company’s stock, valued at approximately $77,000.

Several other large investors also recently bought and sold shares of the business. BlackRock Inc. increased its position in Diversey by 7.1% in the first quarter. BlackRock Inc. now owns 12,756,337 shares of the company’s stock worth $96,564,000 after purchasing an additional 841,173 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Diversey by 1.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,882,505 shares of the company’s stock worth $48,030,000 after purchasing an additional 103,139 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in Diversey by 144.7% in the third quarter. Frontier Capital Management Co. LLC now owns 4,577,357 shares of the company’s stock worth $22,246,000 after purchasing an additional 2,706,850 shares during the last quarter. Sunriver Management LLC increased its position in Diversey by 17.5% in the first quarter. Sunriver Management LLC now owns 4,224,088 shares of the company’s stock worth $31,976,000 after purchasing an additional 628,173 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Diversey by 19,023.5% in the second quarter. UBS Asset Management Americas Inc. now owns 3,020,368 shares of the company’s stock worth $19,934,000 after purchasing an additional 3,004,574 shares during the last quarter. Institutional investors own 94.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Morgan Stanley cut shares of Diversey from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $8.00 to $8.40 in a research report on Thursday. BMO Capital Markets lifted their price objective on shares of Diversey from $5.80 to $8.40 and gave the stock a “market perform” rating in a research note on Thursday. Mizuho dropped their price objective on shares of Diversey from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, January 12th. Bank of America assumed coverage on shares of Diversey in a research note on Wednesday, February 22nd. They set an “underperform” rating and a $6.00 price objective for the company. Finally, The Goldman Sachs Group dropped their price objective on shares of Diversey from $7.70 to $6.70 and set a “neutral” rating for the company in a research note on Tuesday, January 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.35.

Diversey Stock Down 0.5 %

Shares of DSEY opened at $8.14 on Friday. The firm has a market capitalization of $2.64 billion, a P/E ratio of -18.09, a P/E/G ratio of 6.99 and a beta of 2.00. Diversey Holdings, Ltd. has a 12-month low of $3.95 and a 12-month high of $10.68. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 2.96. The firm has a fifty day moving average price of $5.68 and a 200-day moving average price of $5.36.

Diversey Company Profile

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Diversey Holdings, Ltd., through its subsidiaries, provides infection prevention and cleaning solutions worldwide. It operates in two segments, Institutional, and Food & Beverage. The Institutional segment offers products, solutions, equipment, and machines, including infection prevention and personal care products, floor and building care chemicals, kitchen and mechanical ware wash chemicals and machines, dosing and dispensing equipment, and floor care machines, as well as engineering, consulting, and training services related to productivity management, water and energy management, and risk management.

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Institutional Ownership by Quarter for Diversey (NASDAQ:DSEY)

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