Diversey (NASDAQ:DSEY) Sees Large Volume Increase

Shares of Diversey Holdings, Ltd. (NASDAQ:DSEY – Get Rating) saw unusually-strong trading volume on Friday . Approximately 2,115,765 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 2,714,932 shares.The stock last traded at $7.93 and had previously closed at $8.10.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DSEY shares. Credit Suisse Group downgraded Diversey from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $9.00 to $8.40 in a report on Monday, March 13th. BMO Capital Markets increased their target price on Diversey from $5.80 to $8.40 and gave the company a “market perform” rating in a report on Thursday, March 9th. Mizuho increased their target price on Diversey from $6.00 to $8.40 and gave the company a “neutral” rating in a report on Monday, March 13th. Royal Bank of Canada upped their price target on Diversey from $6.00 to $8.40 and gave the stock a “sector perform” rating in a research report on Thursday, March 9th. Finally, Morgan Stanley cut Diversey from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $8.00 to $8.40 in a research report on Thursday, March 9th. One research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.97.

Diversey Price Performance

The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.94 and a current ratio of 1.35. The firm has a 50-day moving average of $6.12 and a 200-day moving average of $5.41.

Diversey (NASDAQ:DSEY – Get Rating) last released its earnings results on Friday, March 17th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Diversey had a positive return on equity of 15.06% and a negative net margin of 5.32%. The business had revenue of $701.60 million for the quarter, compared to analysts’ expectations of $695.41 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Diversey Holdings, Ltd. will post 0.32 EPS for the current year.

Institutional Trading of Diversey

Several institutional investors have recently made changes to their positions in DSEY. Northern Trust Corp boosted its stake in Diversey by 1.3% during the first quarter. Northern Trust Corp now owns 216,424 shares of the company’s stock valued at $1,638,000 after buying an additional 2,738 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Diversey by 32.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,530 shares of the company’s stock valued at $53,000 after buying an additional 3,074 shares during the last quarter. Citigroup Inc. boosted its stake in Diversey by 110.7% during the first quarter. Citigroup Inc. now owns 8,929 shares of the company’s stock valued at $67,000 after buying an additional 4,691 shares during the last quarter. Swiss National Bank boosted its stake in Diversey by 2.6% during the fourth quarter. Swiss National Bank now owns 195,800 shares of the company’s stock valued at $834,000 after buying an additional 4,900 shares during the last quarter. Finally, Ellevest Inc. boosted its stake in Diversey by 429.4% during the third quarter. Ellevest Inc. now owns 7,110 shares of the company’s stock valued at $35,000 after buying an additional 5,767 shares during the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.

About Diversey

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Diversey Holdings, Ltd., through its subsidiaries, provides infection prevention and cleaning solutions worldwide. It operates in two segments, Institutional, and Food & Beverage. The Institutional segment offers products, solutions, equipment, and machines, including infection prevention and personal care products, floor and building care chemicals, kitchen and mechanical ware wash chemicals and machines, dosing and dispensing equipment, and floor care machines, as well as engineering, consulting, and training services related to productivity management, water and energy management, and risk management.