Insider Selling: OUTFRONT Media (NYSE:OUT) EVP Sells $156,800.00 in Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $31.36, for a total value of $156,800.00. Following the sale, the executive vice president owned 76,947 shares of the company’s stock, valued at approximately $2,413,057.92. The trade was a 6.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

OUTFRONT Media Trading Up 0.1%

NYSE OUT opened at $31.20 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. The business has a 50 day moving average price of $31.26 and a 200-day moving average price of $27.53. OUTFRONT Media Inc. has a 52 week low of $15.45 and a 52 week high of $34.96. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.47 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. As a group, equities analysts expect that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. OUTFRONT Media’s dividend payout ratio is currently 114.29%.

Institutional Investors Weigh In On OUTFRONT Media

A number of large investors have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. grew its position in shares of OUTFRONT Media by 226.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,310,195 shares of the financial services provider’s stock valued at $55,676,000 after acquiring an additional 1,603,315 shares during the period. Vanguard Group Inc. raised its position in shares of OUTFRONT Media by 5.3% during the fourth quarter. Vanguard Group Inc. now owns 22,654,899 shares of the financial services provider’s stock valued at $545,983,000 after buying an additional 1,131,954 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in OUTFRONT Media by 85.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,788,695 shares of the financial services provider’s stock valued at $29,192,000 after acquiring an additional 822,845 shares during the last quarter. Woodline Partners LP bought a new stake in shares of OUTFRONT Media in the third quarter worth about $13,705,000. Finally, Federated Hermes Inc. increased its stake in OUTFRONT Media by 199.9% in the 4th quarter. Federated Hermes Inc. now owns 905,641 shares of the financial services provider’s stock worth $21,826,000 after acquiring an additional 603,694 shares during the last quarter.

Wall Street Analyst Weigh In

OUT has been the subject of a number of research analyst reports. Barrington Research set a $38.00 price target on OUTFRONT Media in a research report on Tuesday, May 12th. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research note on Friday, May 8th. TD Cowen reissued a “buy” rating and set a $38.00 price objective (up from $32.00) on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Wells Fargo & Company increased their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, OUTFRONT Media has an average rating of “Moderate Buy” and an average price target of $30.71.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.