Cosan (NYSE:CSAN) Director Burkhard Otto Cordes Buys 70,000 Shares

Cosan S.A. Sponsored ADR (NYSE:CSAN) Director Burkhard Otto Cordes bought 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $4.26 per share, for a total transaction of $298,200.00. Following the transaction, the director owned 1,509,000 shares of the company’s stock, valued at $6,428,340. The trade was a 4.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cosan Stock Down 1.3%

CSAN stock opened at $2.69 on Wednesday. The company has a 50 day moving average price of $2.90 and a two-hundred day moving average price of $3.42. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.76 and a current ratio of 1.87. The stock has a market capitalization of $2.67 billion, a P/E ratio of -1.25 and a beta of 0.71. Cosan S.A. Sponsored ADR has a one year low of $2.38 and a one year high of $6.01.

Cosan (NYSE:CSAN) last issued its quarterly earnings results on Saturday, August 15th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). Cosan had a negative return on equity of 12.58% and a negative net margin of 21.83%.The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $996.01 million. As a group, sell-side analysts expect that Cosan S.A. Sponsored ADR will post -0.27 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CSAN. SmartHarvest Portfolios LLC purchased a new stake in Cosan during the first quarter valued at about $46,000. Royal Bank of Canada increased its stake in Cosan by 3,266.6% during the first quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after acquiring an additional 12,021 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Cosan by 12,141.9% in the 1st quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock worth $53,000 after purchasing an additional 12,749 shares during the period. Clear Harbor Asset Management LLC acquired a new position in shares of Cosan in the 4th quarter valued at about $53,000. Finally, Verus Capital Partners LLC lifted its stake in shares of Cosan by 20.0% in the 4th quarter. Verus Capital Partners LLC now owns 18,000 shares of the company’s stock valued at $71,000 after purchasing an additional 3,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. HSBC downgraded Cosan from a “hold” rating to a “reduce” rating and reduced their target price for the stock from $5.00 to $3.20 in a research report on Tuesday, May 26th. Wall Street Zen upgraded Cosan from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Zacks Research raised shares of Cosan to a “hold” rating in a research note on Thursday, June 18th. Jefferies Financial Group lowered shares of Cosan to a “hold” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Cosan in a research report on Friday, September 4th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Cosan has an average rating of “Reduce” and an average price target of $3.85.

About Cosan

Cosan SA (NYSE: CSAN) is a Brazil-based energy and infrastructure company with operations and investments across fuel distribution, sugar and ethanol, natural gas, logistics, lubricants and agricultural land management. The company operates primarily through subsidiaries and affiliated businesses, including stakes in businesses that produce renewable fuels, distribute energy and transport commodities.

Through Raízen, its joint venture with Shell, Cosan is involved in the production and marketing of sugar and ethanol, the generation of electricity from sugarcane biomass and the distribution of fuels through service stations and commercial channels.