SurgoCap Partners LP Invests $31.34 Million in DPC Holdings PLC $DPC

Key Points

• SurgoCap Partners acquired 638,725 shares of DPC Holdings, valued at approximately $31.34 million, representing about 1.0% of its portfolio and 0.43% of DPC’s outstanding shares.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $57.62, despite some firms maintaining “Hold” ratings.
• DPC insiders purchased 2.3 million shares worth roughly $75.8 million over the past 90 days, while the company’s latest quarterly EPS of $0.05 fell short of the $0.08 consensus estimate.

SurgoCap Partners LP bought a new stake in DPC Holdings PLC (NYSE:DPC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 638,725 shares of the company's stock, valued at approximately $31,336,000. DPC comprises about 1.0% of SurgoCap Partners LP's portfolio, making the stock its 13th biggest holding. SurgoCap Partners LP owned 0.43% of DPC as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

Several research firms have recently weighed in on DPC. Rothschild & Co Redburn began coverage on DPC in a research note on Monday, July 20th. They issued a "buy" rating and a $53.50 price objective on the stock. Zacks Research raised shares of DPC to a "hold" rating in a research report on Tuesday, July 21st. Morgan Stanley raised their target price on shares of DPC from $47.00 to $59.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 12th. Jefferies Financial Group initiated coverage on shares of DPC in a report on Monday, July 20th. They set a "buy" rating and a $56.00 target price on the stock. Finally, Wall Street Zen upgraded DPC to a "hold" rating in a report on Saturday, July 4th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, DPC presently has a consensus rating of "Moderate Buy" and an average target price of $57.62.

Insiders Place Their Bets

In other news, CEO Michael (Mike) Joseph Quinn acquired 435,121 shares of the business's stock in a transaction on Friday, June 26th. The shares were purchased at an average price of $33.00 per share, for a total transaction of $14,358,993.00. Following the acquisition, the chief executive officer directly owned 435,121 shares of the company's stock, valued at $14,358,993. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nick Sanders acquired 288,213 shares of the firm's stock in a transaction on Friday, June 26th. The stock was purchased at an average cost of $33.00 per share, with a total value of $9,511,029.00. Following the completion of the transaction, the director owned 288,213 shares in the company, valued at $9,511,029. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 2,297,621 shares of company stock valued at $75,821,493.

DPC Price Performance

NYSE DPC opened at $43.12 on Tuesday. DPC Holdings PLC has a fifty-two week low of $42.50 and a fifty-two week high of $57.25. The business has a 50 day moving average of $48.47.

DPC (NYSE:DPC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $268.70 million for the quarter. As a group, sell-side analysts forecast that DPC Holdings PLC will post 0.45 earnings per share for the current fiscal year.

DPC Company Profile

DPC Holdings is a manufacturer of engineered engine products which include complex precision cast components and nickel- and cobalt-based superalloys primarily serving Aerospace and IGT end markets. DPC Holdings is based in United Kingdom.

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