Deutsche Bank AG Boosts Stock Position in TORM plc (NASDAQ:TRMD)

Deutsche Bank AG boosted its holdings in shares of TORM plc (NASDAQ:TRMD) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,381 shares of the company’s stock after purchasing an additional 10,970 shares during the quarter. Deutsche Bank AG owned about 0.09% of TORM worth $1,719,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TRMD. Jones Financial Companies Lllp lifted its stake in shares of TORM by 49.5% in the 4th quarter. Jones Financial Companies Lllp now owns 5,859 shares of the company’s stock valued at $114,000 after purchasing an additional 1,939 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in TORM by 8.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,991 shares of the company’s stock valued at $175,000 after buying an additional 711 shares during the period. Apollon Wealth Management LLC lifted its position in TORM by 26.1% in the fourth quarter. Apollon Wealth Management LLC now owns 10,719 shares of the company’s stock worth $208,000 after buying an additional 2,219 shares during the last quarter. Aristides Capital LLC bought a new stake in TORM in the fourth quarter worth $216,000. Finally, NewEdge Advisors LLC boosted its stake in TORM by 16.4% during the fourth quarter. NewEdge Advisors LLC now owns 11,964 shares of the company’s stock worth $233,000 after buying an additional 1,685 shares during the period. Institutional investors own 73.89% of the company’s stock.

TORM Trading Up 0.9%

TRMD stock opened at $16.93 on Friday. TORM plc has a 12 month low of $13.60 and a 12 month high of $40.47. The firm’s 50-day moving average is $16.55 and its 200 day moving average is $18.91. The company has a market capitalization of $1.59 billion, a PE ratio of 2.19 and a beta of 0.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.47 and a quick ratio of 2.24.

TORM (NASDAQ:TRMD) last issued its earnings results on Thursday, May 8th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). The company had revenue of $214.00 million during the quarter, compared to the consensus estimate of $244.25 million. TORM had a return on equity of 34.45% and a net margin of 43.81%. On average, research analysts anticipate that TORM plc will post 6.27 EPS for the current year.

TORM Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Thursday, May 22nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $1.60 annualized dividend and a yield of 9.45%. TORM’s dividend payout ratio (DPR) is currently 24.47%.

Analyst Ratings Changes

TRMD has been the subject of several analyst reports. Fearnley Fonds upgraded shares of TORM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. Pareto Securities raised shares of TORM from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Kepler Capital Markets lowered TORM from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 27th. Finally, Evercore ISI cut their target price on TORM from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.50.

TORM Company Profile

TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil.