Schnieders Capital Management LLC Takes $376,000 Position in OUTFRONT Media Inc. (NYSE:OUT)

Key Points

• Schnieders Capital Management LLC has acquired a new position in OUTFRONT Media Inc., purchasing 23,275 shares valued at approximately $376,000 during the 1st quarter.
• INSIDER activity includes Richard H. Sauer, EVP, selling 20,109 shares at an average price of $15.88, representing a 22.11% decrease in his holdings.
• OUTFRONT Media recently announced a quarterly dividend of $0.30 per share, with a yield of 6.6%, payable on September 30th.

Schnieders Capital Management LLC acquired a new position in shares of OUTFRONT Media Inc. (NYSE:OUT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,275 shares of the financial services provider's stock, valued at approximately $376,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in OUTFRONT Media by 132.5% during the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider's stock valued at $276,819,000 after acquiring an additional 8,892,411 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of OUTFRONT Media by 87.8% in the 4th quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider's stock valued at $93,015,000 after purchasing an additional 2,450,632 shares in the last quarter. Benchstone Capital Management LP purchased a new stake in shares of OUTFRONT Media in the 4th quarter valued at $29,038,000. LSV Asset Management grew its holdings in shares of OUTFRONT Media by 6,623.5% during the 4th quarter. LSV Asset Management now owns 1,595,362 shares of the financial services provider's stock valued at $28,302,000 after purchasing an additional 1,571,634 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of OUTFRONT Media during the 1st quarter valued at $14,177,000.

OUTFRONT Media Stock Up 0.1%

OUT traded up $0.02 on Thursday, hitting $17.69. The company had a trading volume of 1,292,071 shares, compared to its average volume of 1,423,064. The stock has a fifty day simple moving average of $16.98 and a 200-day simple moving average of $16.75. The company has a debt-to-equity ratio of 4.60, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $2.96 billion, a P/E ratio of 30.26, a P/E/G ratio of 1.08 and a beta of 1.89. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $19.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The company had revenue of $460.20 million during the quarter, compared to analysts' expectations of $463.16 million. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. As a group, equities analysts expect that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.8%. OUTFRONT Media's dividend payout ratio (DPR) is currently 206.90%.

Analysts Set New Price Targets

OUT has been the subject of several analyst reports. Morgan Stanley upped their price target on shares of OUTFRONT Media from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday. JPMorgan Chase & Co. decreased their price target on OUTFRONT Media from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. Barrington Research restated an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday. Citigroup reaffirmed a "buy" rating and issued a $19.00 target price (up from $17.00) on shares of OUTFRONT Media in a research note on Thursday, May 29th. Finally, Wall Street Zen downgraded shares of OUTFRONT Media from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $19.00.

Insider Buying and Selling at OUTFRONT Media

In related news, EVP Richard H. Sauer sold 29,891 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $15.79, for a total transaction of $471,978.89. Following the completion of the transaction, the executive vice president owned 90,945 shares of the company's stock, valued at $1,436,021.55. This trade represents a 24.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.47% of the company's stock.

OUTFRONT Media Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.