TORM plc (NASDAQ:TRMD) Holdings Raised by UBS Group AG

UBS Group AG grew its position in TORM plc (NASDAQ:TRMD – Get Rating) by 91.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 444,066 shares of the company’s stock after acquiring an additional 212,484 shares during the quarter. UBS Group AG’s holdings in TORM were worth $12,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Credit Suisse AG increased its holdings in shares of TORM by 3.3% in the 3rd quarter. Credit Suisse AG now owns 22,206 shares of the company’s stock valued at $3,457,000 after acquiring an additional 702 shares during the last quarter. PDT Partners LLC grew its stake in TORM by 1.5% during the 3rd quarter. PDT Partners LLC now owns 54,384 shares of the company’s stock worth $1,106,000 after buying an additional 781 shares during the last quarter. Swiss National Bank grew its stake in TORM by 2.4% during the 4th quarter. Swiss National Bank now owns 69,563 shares of the company’s stock worth $1,984,000 after buying an additional 1,606 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TORM by 42.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,432 shares of the company’s stock worth $111,000 after buying an additional 1,626 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in TORM during the 3rd quarter worth $59,000. 77.29% of the stock is currently owned by institutional investors.

TORM Trading Up 3.5 %

NASDAQ:TRMD opened at $28.39 on Monday. TORM plc has a 1 year low of $11.00 and a 1 year high of $36.60. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 3.35 and a beta of 0.42. The business has a fifty day moving average of $31.18 and a 200-day moving average of $29.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.02 and a current ratio of 3.31.

TORM (NASDAQ:TRMD – Get Rating) last released its quarterly earnings results on Thursday, March 16th. The company reported $2.79 earnings per share (EPS) for the quarter. TORM had a return on equity of 49.23% and a net margin of 43.47%. The company had revenue of $447.35 million during the quarter.

TORM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 23rd will be paid a $1.46 dividend. This is a boost from TORM’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $5.84 annualized dividend and a dividend yield of 20.57%. TORM’s dividend payout ratio is presently 89.26%.

Wall Street Analysts Forecast Growth

Separately, Danske upgraded TORM from a “hold” rating to a “buy” rating in a research note on Wednesday, May 3rd.

About TORM

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TORM Plc engages in the business of transporting clean and dirty petroleum products. It operates under the Tanker and Marine Exhaust segments. The Tanker segment focuses on the transportation of refined oil products such as gasoline, jet fuel, and naphtha. The Marine Exhaust segment includes developing and producing advanced and green marine equipment.