BW LPG (NYSE:BWLP) Earns Hold (C) Rating from Weiss Ratings

Key Points

• BW LPG's stock has been assigned a "hold (C)" rating by Weiss Ratings, indicating a cautious outlook from analysts.
• The company's shares recently traded at $13.06, reflecting a decline after missing earnings estimates with $0.23 EPS compared to the expected $0.26.
• Several institutional investors, including UBS Asset Management and Vanguard Group, have increased their stakes in BW LPG, showcasing continued interest from large investment firms.

BW LPG (NYSE:BWLP - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

BW LPG Stock Performance

Shares of NYSE:BWLP traded down $0.18 on Wednesday, hitting $13.06. 454,379 shares of the company were exchanged, compared to its average volume of 428,459. The company's 50 day moving average price is $14.99 and its two-hundred day moving average price is $12.51. BW LPG has a one year low of $7.86 and a one year high of $16.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.22 and a current ratio of 1.27. The firm has a market capitalization of $1.72 billion and a price-to-earnings ratio of 8.48.

BW LPG (NYSE:BWLP - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.03). The business had revenue of $153.00 million during the quarter, compared to the consensus estimate of $170.09 million. BW LPG had a net margin of 6.09% and a return on equity of 11.70%.

Institutional Investors Weigh In On BW LPG

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWLP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of BW LPG by 33.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,564 shares of the company's stock valued at $802,000 after acquiring an additional 17,573 shares during the period. Bank of New York Mellon Corp grew its position in shares of BW LPG by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 821,317 shares of the company's stock valued at $8,936,000 after acquiring an additional 51,098 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of BW LPG by 14.6% in the 1st quarter. Jupiter Asset Management Ltd. now owns 308,172 shares of the company's stock valued at $3,335,000 after acquiring an additional 39,345 shares during the period. Delta Financial Group Inc. bought a new position in shares of BW LPG in the 1st quarter valued at about $188,000. Finally, Vanguard Group Inc. grew its position in shares of BW LPG by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 3,391,944 shares of the company's stock valued at $36,915,000 after acquiring an additional 239,578 shares during the period.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.

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