Northern Trust Corp Purchases 24,710 Shares of DHT Holdings, Inc. (NYSE:DHT)

Northern Trust Corp boosted its position in DHT Holdings, Inc. (NYSE:DHT - Free Report) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,518,479 shares of the shipping company's stock after purchasing an additional 24,710 shares during the quarter. Northern Trust Corp owned approximately 0.94% of DHT worth $14,107,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DHT. Tower Research Capital LLC TRC increased its holdings in shares of DHT by 84.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after acquiring an additional 1,265 shares in the last quarter. Franklin Resources Inc. boosted its position in DHT by 3.4% in the fourth quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company's stock valued at $498,000 after buying an additional 1,740 shares during the last quarter. Russell Investments Group Ltd. boosted its position in DHT by 0.4% in the fourth quarter. Russell Investments Group Ltd. now owns 552,680 shares of the shipping company's stock valued at $5,134,000 after buying an additional 2,277 shares during the last quarter. MetLife Investment Management LLC boosted its position in DHT by 5.0% in the fourth quarter. MetLife Investment Management LLC now owns 79,683 shares of the shipping company's stock valued at $740,000 after buying an additional 3,779 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in DHT by 822.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock valued at $40,000 after buying an additional 3,856 shares during the last quarter. 58.53% of the stock is currently owned by institutional investors.

DHT Stock Up 1.8%

Shares of DHT opened at $11.59 on Friday. The company has a market capitalization of $1.86 billion, a PE ratio of 10.35 and a beta of -0.06. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. DHT Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $12.80. The stock has a fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $10.39.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.12. The business had revenue of $79.34 million during the quarter, compared to analysts' expectations of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The business's quarterly revenue was down 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. As a group, equities analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

DHT has been the topic of several recent research reports. Jefferies Financial Group restated a "buy" rating and issued a $15.00 price objective on shares of DHT in a research report on Wednesday, May 7th. Evercore ISI decreased their target price on DHT from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, DHT currently has an average rating of "Moderate Buy" and a consensus price target of $12.94.

DHT Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

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