Cosan S.A. (NYSE:CSAN) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in Cosan S.A. (NYSE:CSAN) by 181.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,790 shares of the company’s stock after buying an additional 6,311 shares during the period. PNC Financial Services Group Inc.’s holdings in Cosan were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Cosan during the 3rd quarter worth approximately $228,000. Quantbot Technologies LP acquired a new stake in Cosan in the third quarter valued at $97,000. FMR LLC boosted its position in shares of Cosan by 114.3% during the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after purchasing an additional 5,775 shares in the last quarter. Centiva Capital LP acquired a new position in Cosan during the third quarter worth about $286,000. Finally, Itau Unibanco Holding S.A. increased its holdings in Cosan by 142,193.8% in the third quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock valued at $10,828,000 after buying an additional 1,131,863 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “buy” rating and set a $19.00 price target on shares of Cosan in a research note on Monday, December 23rd.

Cosan Stock Performance

NYSE CSAN opened at $5.39 on Thursday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 4.08, a price-to-earnings-growth ratio of 3.94 and a beta of 1.33. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31. The business has a fifty day moving average of $5.22 and a 200-day moving average of $6.74. Cosan S.A. has a fifty-two week low of $4.54 and a fifty-two week high of $13.24.

Cosan Profile

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company’s Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.