Robeco Institutional Asset Management B.V. Acquires 27,844 Shares of OUTFRONT Media Inc. $OUT

Robeco Institutional Asset Management B.V. lifted its holdings in shares of OUTFRONT Media Inc. (NYSE:OUT) by 321.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,519 shares of the financial services provider’s stock after acquiring an additional 27,844 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in OUTFRONT Media were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trust Co. of Vermont purchased a new position in shares of OUTFRONT Media in the second quarter valued at $34,000. EverSource Wealth Advisors LLC increased its holdings in OUTFRONT Media by 74.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after buying an additional 686 shares during the last quarter. TOP Private Wealth LLC. acquired a new stake in shares of OUTFRONT Media during the 2nd quarter valued at approximately $72,000. Nykredit A S acquired a new stake in shares of OUTFRONT Media during the second quarter worth $84,000. Finally, North Star Investment Management Corp. bought a new position in OUTFRONT Media in the first quarter worth about $222,000.

Insiders Place Their Bets

In other news, EVP Mark Emilio Bonanni sold 3,385 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $29.82, for a total transaction of $100,940.70. Following the transaction, the executive vice president owned 10,420 shares in the company, valued at approximately $310,724.40. This trade represents a 24.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matthew Siegel sold 25,000 shares of OUTFRONT Media stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $27.84, for a total transaction of $696,000.00. Following the completion of the sale, the executive vice president directly owned 264,925 shares of the company’s stock, valued at approximately $7,375,512. The trade was a 8.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on OUT. JPMorgan Chase & Co. reissued an “overweight” rating and set a $38.00 price target on shares of OUTFRONT Media in a report on Wednesday, July 22nd. TD Cowen reaffirmed a “buy” rating and set a $40.00 target price (up from $38.00) on shares of OUTFRONT Media in a research note on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of OUTFRONT Media in a research report on Tuesday, September 8th. Wall Street Zen downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Finally, Wells Fargo & Company increased their price objective on OUTFRONT Media from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

OUTFRONT Media Trading Up 2.3%

NYSE:OUT opened at $31.74 on Tuesday. The stock’s 50 day moving average price is $29.35 and its 200 day moving average price is $29.36. OUTFRONT Media Inc. has a 52 week low of $16.97 and a 52 week high of $34.96. The company has a market capitalization of $5.59 billion, a P/E ratio of 22.83 and a beta of 1.53. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.67 and a current ratio of 0.67.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.30. The firm had revenue of $522.50 million for the quarter, compared to analyst estimates of $509.61 million. OUTFRONT Media had a net margin of 12.66% and a return on equity of 37.44%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. On average, research analysts forecast that OUTFRONT Media Inc. will post 2.18 EPS for the current fiscal year.

OUTFRONT Media Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th were paid a dividend of $0.33 per share. This is a positive change from OUTFRONT Media’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, September 4th. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 94.96%.

OUTFRONT Media Profile

OUTFRONT Media Inc (NYSE: OUT) is an out-of-home media company that provides advertising services through a portfolio of billboard, transit and other outdoor advertising assets. The company helps advertisers reach consumers in high-traffic locations, including roads, urban centers, public transportation systems and other public spaces.

Its offerings include traditional printed billboards, digital billboards, transit displays and place-based media. OUTFRONT also provides related services such as media planning, creative support, audience analytics and technology-enabled advertising solutions, including digital and programmatic buying capabilities.

OUTFRONT primarily serves advertisers across the United States and Canada.