JPMorgan Chase & Co. raised its stake in shares of Diversey Holdings, Ltd. (NASDAQ:DSEY – Get Rating) by 2.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,198,146 shares of the company’s stock after buying an additional 138,060 shares during the period. JPMorgan Chase & Co.’s holdings in Diversey were worth $26,404,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Diversey by 32.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 46,631 shares of the company’s stock worth $353,000 after purchasing an additional 11,536 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Diversey by 110.7% in the 1st quarter. Citigroup Inc. now owns 8,929 shares of the company’s stock valued at $67,000 after purchasing an additional 4,691 shares during the last quarter. Bank of Montreal Can boosted its holdings in Diversey by 228.8% during the first quarter. Bank of Montreal Can now owns 171,405 shares of the company’s stock valued at $1,364,000 after acquiring an additional 119,267 shares during the period. BlackRock Inc. lifted its stake in shares of Diversey by 7.1% in the first quarter. BlackRock Inc. now owns 12,756,337 shares of the company’s stock valued at $96,564,000 after buying an additional 841,173 shares during the period. Finally, Ergoteles LLC bought a new position in shares of Diversey during the 1st quarter worth approximately $868,000. 94.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DSEY has been the topic of several research reports. UBS Group cut Diversey from a “buy” rating to a “neutral” rating and cut their target price for the company from $8.50 to $8.40 in a research note on Wednesday, April 5th. Mizuho boosted their price objective on Diversey from $6.00 to $8.40 and gave the company a “neutral” rating in a research note on Monday, March 13th. Morgan Stanley cut shares of Diversey from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $8.00 to $8.40 in a research report on Thursday, March 9th. BMO Capital Markets lifted their price target on Diversey from $5.80 to $8.40 and gave the stock a “market perform” rating in a research report on Thursday, March 9th. Finally, Credit Suisse Group cut shares of Diversey from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $9.00 to $8.40 in a research note on Monday, March 13th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company. Based on data from MarketBeat, Diversey presently has an average rating of “Hold” and an average price target of $7.81.
Diversey Trading Down 0.4 %
Diversey (NASDAQ:DSEY – Get Rating) last issued its earnings results on Friday, March 17th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Diversey had a negative net margin of 6.56% and a positive return on equity of 12.53%. The business had revenue of $701.60 million during the quarter, compared to analyst estimates of $695.41 million. During the same period in the prior year, the business posted ($0.11) EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts expect that Diversey Holdings, Ltd. will post 0.41 earnings per share for the current fiscal year.
Diversey Company Profile
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.
Read More
- Get a free copy of the StockNews.com research report on Diversey (DSEY)
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