Raymond James Financial Services Advisors Inc. Takes Position in Dorian LPG Ltd. (NYSE:LPG)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Dorian LPG Ltd. (NYSE:LPG) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 5,528 shares of the shipping company’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in Dorian LPG by 63.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 417,493 shares of the shipping company’s stock valued at $11,995,000 after acquiring an additional 162,663 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Dorian LPG by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock worth $42,501,000 after purchasing an additional 180,246 shares during the period. Invesco Ltd. boosted its holdings in shares of Dorian LPG by 10.5% in the third quarter. Invesco Ltd. now owns 798,371 shares of the shipping company’s stock worth $22,937,000 after buying an additional 75,584 shares during the last quarter. Ibex Wealth Advisors purchased a new stake in Dorian LPG during the third quarter valued at approximately $510,000. Finally, First Eagle Investment Management LLC increased its stake in shares of Dorian LPG by 37.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 218,491 shares of the shipping company’s stock worth $6,277,000 after purchasing an additional 59,850 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LPG shares. DNB Markets lowered Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a report on Friday, January 26th. Jefferies Financial Group restated a “buy” rating and set a $50.00 target price on shares of Dorian LPG in a research note on Thursday, February 1st. Finally, StockNews.com lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Dorian LPG Trading Up 2.1 %

LPG stock opened at $41.75 on Wednesday. The firm has a fifty day moving average price of $37.84 and a 200 day moving average price of $38.61. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. The firm has a market cap of $1.69 billion, a PE ratio of 5.54 and a beta of 1.13. Dorian LPG Ltd. has a fifty-two week low of $21.02 and a fifty-two week high of $49.54.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.27 by $0.35. The firm had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same quarter last year, the firm posted $1.29 earnings per share. Sell-side analysts anticipate that Dorian LPG Ltd. will post 7.29 earnings per share for the current fiscal year.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.