New York State Teachers Retirement System Purchases 1,053 Shares of Dorian LPG Ltd. (NYSE:LPG)

New York State Teachers Retirement System raised its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,016 shares of the shipping company’s stock after purchasing an additional 1,053 shares during the quarter. New York State Teachers Retirement System’s holdings in Dorian LPG were worth $834,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Advisor Group Holdings Inc. grew its stake in shares of Dorian LPG by 1,571.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,870 shares of the shipping company’s stock valued at $100,000 after acquiring an additional 6,459 shares during the period. Swiss National Bank grew its stake in shares of Dorian LPG by 7.5% during the 1st quarter. Swiss National Bank now owns 75,985 shares of the shipping company’s stock valued at $1,101,000 after acquiring an additional 5,300 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Dorian LPG by 32.6% during the 1st quarter. JPMorgan Chase & Co. now owns 799,380 shares of the shipping company’s stock valued at $11,583,000 after acquiring an additional 196,749 shares during the period. American Century Companies Inc. grew its stake in shares of Dorian LPG by 27.1% during the 1st quarter. American Century Companies Inc. now owns 143,744 shares of the shipping company’s stock valued at $2,083,000 after acquiring an additional 30,663 shares during the period. Finally, Citigroup Inc. grew its stake in shares of Dorian LPG by 7.4% during the 1st quarter. Citigroup Inc. now owns 69,755 shares of the shipping company’s stock valued at $1,011,000 after acquiring an additional 4,820 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LPG shares. DNB Markets downgraded Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research note on Friday, January 26th. StockNews.com downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $50.00 price target on shares of Dorian LPG in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dorian LPG currently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Dorian LPG Trading Down 2.1 %

LPG stock opened at $39.46 on Friday. Dorian LPG Ltd. has a 1-year low of $21.02 and a 1-year high of $49.54. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.31 and a quick ratio of 3.29. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 5.24 and a beta of 1.13. The business has a 50 day simple moving average of $37.52 and a two-hundred day simple moving average of $38.19.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.35. The business had revenue of $163.06 million for the quarter, compared to analysts’ expectations of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same period in the prior year, the firm earned $1.29 EPS. Research analysts anticipate that Dorian LPG Ltd. will post 7.29 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Tuesday, February 27th. Stockholders of record on Monday, February 5th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, February 2nd. Dorian LPG’s dividend payout ratio (DPR) is 26.56%.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.