21,307 Shares in Diversey Holdings, Ltd. (NASDAQ:DSEY) Acquired by American Trust

American Trust bought a new position in Diversey Holdings, Ltd. (NASDAQ:DSEY – Get Rating) during the third quarter, Holdings Channel.com reports. The fund bought 21,307 shares of the company’s stock, valued at approximately $104,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp increased its position in shares of Diversey by 1.3% in the first quarter. Northern Trust Corp now owns 216,424 shares of the company’s stock worth $1,638,000 after acquiring an additional 2,738 shares in the last quarter. Citigroup Inc. increased its position in shares of Diversey by 110.7% in the first quarter. Citigroup Inc. now owns 8,929 shares of the company’s stock worth $67,000 after acquiring an additional 4,691 shares in the last quarter. Ellevest Inc. increased its position in shares of Diversey by 429.4% in the third quarter. Ellevest Inc. now owns 7,110 shares of the company’s stock worth $35,000 after acquiring an additional 5,767 shares in the last quarter. UBS Group AG increased its position in shares of Diversey by 38.4% in the second quarter. UBS Group AG now owns 26,162 shares of the company’s stock worth $173,000 after acquiring an additional 7,262 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Diversey by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 379,024 shares of the company’s stock worth $2,870,000 after acquiring an additional 8,855 shares in the last quarter. 94.64% of the stock is currently owned by institutional investors.

Diversey Stock Down 1.7 %

DSEY stock opened at $7.96 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.35 and a quick ratio of 0.94. Diversey Holdings, Ltd. has a 12 month low of $3.95 and a 12 month high of $10.68. The firm has a 50 day moving average of $6.12 and a two-hundred day moving average of $5.41.

Diversey (NASDAQ:DSEY – Get Rating) last posted its earnings results on Friday, March 17th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Diversey had a positive return on equity of 15.06% and a negative net margin of 5.32%. The business had revenue of $701.60 million during the quarter, compared to the consensus estimate of $695.41 million. During the same period in the prior year, the firm earned ($0.11) earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts predict that Diversey Holdings, Ltd. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Diversey in a research report on Wednesday, February 22nd. They issued an “underperform” rating and a $6.00 target price on the stock. Morgan Stanley downgraded shares of Diversey from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $8.00 to $8.40 in a research report on Thursday, March 9th. Royal Bank of Canada boosted their price objective on shares of Diversey from $6.00 to $8.40 and gave the company a “sector perform” rating in a research report on Thursday, March 9th. Credit Suisse Group downgraded shares of Diversey from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $9.00 to $8.40 in a research report on Monday, March 13th. Finally, The Goldman Sachs Group lowered their price objective on shares of Diversey from $7.70 to $6.70 and set a “neutral” rating on the stock in a research report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, Diversey has a consensus rating of “Hold” and a consensus price target of $7.97.

About Diversey

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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.