TD Asset Management Inc Has $608,000 Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

TD Asset Management Inc lowered its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 42.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,500 shares of the shipping company’s stock after selling 10,500 shares during the quarter. TD Asset Management Inc’s holdings in Dorian LPG were worth $608,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LPG. First Eagle Investment Management LLC increased its position in shares of Dorian LPG by 23.2% in the 1st quarter. First Eagle Investment Management LLC now owns 266,875 shares of the shipping company’s stock valued at $10,264,000 after buying an additional 50,200 shares in the last quarter. Harvest Investment Services LLC bought a new stake in shares of Dorian LPG in the fourth quarter worth about $1,424,000. Price T Rowe Associates Inc. MD raised its position in shares of Dorian LPG by 844.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock worth $8,653,000 after purchasing an additional 201,134 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Dorian LPG by 16.7% during the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock valued at $82,067,000 after purchasing an additional 305,818 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Dorian LPG in the 1st quarter valued at approximately $815,000. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on LPG. DNB Markets upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, July 3rd. Jefferies Financial Group increased their target price on Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd.

Insider Buying and Selling

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $36.12, for a total transaction of $90,300.00. Following the transaction, the chief operating officer now owns 82,823 shares in the company, valued at $2,991,566.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.90% of the stock is currently owned by insiders.

Dorian LPG Trading Down 0.5 %

Shares of NYSE:LPG opened at $34.47 on Monday. Dorian LPG Ltd. has a 52-week low of $25.58 and a 52-week high of $51.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.58 and a current ratio of 4.60. The company has a market capitalization of $1.47 billion, a P/E ratio of 4.54 and a beta of 0.99. The company has a 50-day simple moving average of $38.20 and a 200 day simple moving average of $40.46.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, August 1st. The shipping company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.03 by $0.23. Dorian LPG had a return on equity of 30.64% and a net margin of 54.48%. The company had revenue of $114.30 million during the quarter, compared to the consensus estimate of $113.70 million. During the same period in the previous year, the company posted $1.21 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts forecast that Dorian LPG Ltd. will post 4.94 earnings per share for the current year.

Dorian LPG Announces Dividend

The business also recently announced a None dividend, which was paid on Wednesday, August 21st. Stockholders of record on Thursday, August 8th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 8th. Dorian LPG’s dividend payout ratio is presently 13.16%.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.