Brenntag (OTCMKTS:BNTGY) Shares Up 0.9% - Here's What Happened

Brenntag SE (OTCMKTS:BNTGY - Get Free Report) rose 0.9% on Tuesday . The company traded as high as $14.14 and last traded at $14.03. 15,394 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 68,114 shares. The stock had previously closed at $13.90.

Analysts Set New Price Targets

Separately, DZ Bank downgraded Brenntag from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, May 15th.

Brenntag Price Performance

The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 17.26 and a beta of 0.89. The stock's 50 day simple moving average is $13.10 and its 200-day simple moving average is $12.89.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). Brenntag had a net margin of 3.36% and a return on equity of 12.24%. As a group, equities research analysts anticipate that Brenntag SE will post 0.9 earnings per share for the current fiscal year.

Brenntag Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 26th will be given a dividend of $0.2696 per share. This is a positive change from Brenntag's previous dividend of $0.05. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 2%. Brenntag's payout ratio is currently 34.18%.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.