Torm Plc $TRMD Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Torm Plc by 24.8%, owning a total of 110,330 shares valued at approximately $1.8 million after acquiring 21,949 additional shares.
• 73.89% of Torm's stock is held by institutional investors, with Vanguard Group and Millennium Management significantly increasing their stakes in the company in recent quarters.
• Torm recently announced a quarterly dividend of $0.40 per share, translating to an annual yield of 7.5%, with the dividend payout ratio being 35.45%.

Deutsche Bank AG boosted its position in Torm Plc (NASDAQ:TRMD - Free Report) by 24.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 110,330 shares of the company's stock after acquiring an additional 21,949 shares during the period. Deutsche Bank AG owned about 0.12% of Torm worth $1,818,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its stake in Torm by 49.2% in the 4th quarter. Hsbc Holdings PLC now owns 153,460 shares of the company's stock worth $2,959,000 after acquiring an additional 50,589 shares during the period. Mariner LLC boosted its holdings in shares of Torm by 129.3% in the 4th quarter. Mariner LLC now owns 41,382 shares of the company's stock valued at $805,000 after purchasing an additional 23,337 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Torm by 52.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 58,000 shares of the company's stock valued at $944,000 after purchasing an additional 20,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Torm in the 1st quarter valued at $184,000. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Torm by 63.9% in the 1st quarter. CWA Asset Management Group LLC now owns 65,159 shares of the company's stock valued at $1,074,000 after purchasing an additional 25,399 shares during the last quarter. 73.89% of the stock is owned by hedge funds and other institutional investors.

Torm Stock Up 3.6%

Shares of NASDAQ:TRMD traded up $0.73 during midday trading on Wednesday, hitting $21.24. 1,362,568 shares of the company's stock traded hands, compared to its average volume of 830,737. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.30 and a current ratio of 2.57. The company has a market cap of $2.00 billion, a PE ratio of 6.44 and a beta of 0.12. The firm's fifty day moving average price is $18.68 and its two-hundred day moving average price is $17.78. Torm Plc has a twelve month low of $13.60 and a twelve month high of $38.04.

Torm (NASDAQ:TRMD - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $208.20 million for the quarter, compared to analyst estimates of $207.58 million. Torm had a net margin of 24.90% and a return on equity of 15.73%. On average, equities research analysts anticipate that Torm Plc will post 6.27 EPS for the current fiscal year.

Torm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Friday, August 22nd will be issued a $0.40 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 7.5%. Torm's payout ratio is currently 35.45%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TRMD. Evercore ISI set a $23.00 price target on shares of Torm and gave the company an "outperform" rating in a report on Thursday, August 14th. Pareto Securities lowered shares of Torm from a "buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Fearnley Fonds upgraded shares of Torm from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.50.

Torm 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.