Diversey Holdings, Ltd. (NASDAQ:DSEY – Get Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,710,000 shares, a growth of 39.0% from the March 31st total of 1,230,000 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average trading volume of 954,400 shares, the short-interest ratio is currently 1.8 days.
Several institutional investors have recently bought and sold shares of DSEY. Moors & Cabot Inc. acquired a new position in shares of Diversey in the third quarter valued at approximately $405,000. Advisory Services Network LLC acquired a new stake in Diversey during the third quarter worth approximately $215,000. Russell Investments Group Ltd. grew its position in Diversey by 1.4% during the third quarter. Russell Investments Group Ltd. now owns 1,273,315 shares of the company’s stock worth $20,422,000 after buying an additional 17,714 shares in the last quarter. Principal Financial Group Inc. grew its position in Diversey by 0.8% during the third quarter. Principal Financial Group Inc. now owns 3,278,497 shares of the company’s stock worth $52,587,000 after buying an additional 27,533 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Diversey during the third quarter worth approximately $196,000. 99.19% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on DSEY shares. Royal Bank of Canada lowered Diversey from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $11.00 to $9.00 in a report on Friday, March 25th. Citigroup dropped their target price on Diversey from $17.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, March 16th. Morgan Stanley dropped their target price on Diversey from $19.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, March 11th. The Goldman Sachs Group lowered Diversey from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $12.00 in a report on Monday, February 7th. Finally, Zacks Investment Research upgraded Diversey from a “sell” rating to a “hold” rating in a report on Monday, January 24th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $14.00.
Diversey (NASDAQ:DSEY – Get Rating) last posted its earnings results on Wednesday, March 9th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. Diversey had a positive return on equity of 24.92% and a negative net margin of 6.67%. The company had revenue of $672.40 million for the quarter, compared to the consensus estimate of $677.48 million. During the same quarter in the prior year, the business earned ($0.30) earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, analysts anticipate that Diversey will post 0.53 earnings per share for the current year.
About Diversey (Get Rating)
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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