Navigator Holdings Ltd. $NVGS Shares Sold by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. cut its stake in Navigator Holdings (NYSE:NVGS) by 19.3% in Q4, selling 99,282 shares and retaining 415,114 shares (about 0.60% of the company) valued at roughly $7.19 million.
• Analyst consensus is a Moderate Buy (four Buy, one Hold) with an average price target of $21.50, though recent reports include upgrades and downgrades from Zacks, Weiss Ratings, and Wall Street Zen.
• Navigator reported Q1 EPS of $0.32, missing estimates by $0.07 while revenue beat at $152.8 million; the stock trades near $21.85 with a $1.43 billion market cap and pays a $0.07 quarterly dividend (≈1.3% yield).

Oppenheimer & Co. Inc. lessened its holdings in shares of Navigator Holdings Ltd. (NYSE:NVGS - Free Report) by 19.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 415,114 shares of the shipping company's stock after selling 99,282 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.60% of Navigator worth $7,190,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. TD Waterhouse Canada Inc. lifted its holdings in shares of Navigator by 1,124.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,677 shares of the shipping company's stock valued at $29,000 after buying an additional 1,540 shares during the period. California State Teachers Retirement System acquired a new stake in shares of Navigator in the second quarter valued at $29,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Navigator by 2,794.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,055 shares of the shipping company's stock valued at $32,000 after buying an additional 1,984 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Navigator in the third quarter valued at $43,000. Finally, Legal & General Group Plc acquired a new stake in shares of Navigator in the second quarter valued at $42,000. Institutional investors and hedge funds own 18.95% of the company's stock.

Analysts Set New Price Targets

NVGS has been the subject of several analyst reports. Zacks Research raised Navigator from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Navigator in a research report on Friday, March 27th. Finally, Wall Street Zen lowered Navigator from a "buy" rating to a "hold" rating in a research report on Sunday, March 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Navigator currently has an average rating of "Moderate Buy" and an average target price of $21.50.

Navigator Price Performance

Shares of NYSE:NVGS opened at $21.85 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.57 and a beta of 0.45. The business has a 50 day moving average price of $20.03 and a 200 day moving average price of $18.37. The company has a quick ratio of 1.12, a current ratio of 1.18 and a debt-to-equity ratio of 0.58. Navigator Holdings Ltd. has a twelve month low of $12.79 and a twelve month high of $21.89.

Navigator (NYSE:NVGS - Get Free Report) last released its earnings results on Wednesday, March 11th. The shipping company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.07). The business had revenue of $152.83 million during the quarter, compared to analyst estimates of $136.15 million. Navigator had a net margin of 17.06% and a return on equity of 6.35%. Research analysts predict that Navigator Holdings Ltd. will post 1.16 earnings per share for the current year.

Navigator Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. Navigator's dividend payout ratio (DPR) is 18.92%.

Navigator Company Profile

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).

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