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 stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $4.26 per share, for a total transaction of $298,200.00. Following the completion of the acquisition, the director owned 1,509,000 shares of the company’s stock, valued at $6,428,340. This trade represents a 4.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Cosan Price Performance

NYSE CSAN traded down $0.04 on Tuesday, reaching $2.69. The company’s stock had a trading volume of 3,989,083 shares, compared to its average volume of 2,157,418. Cosan S.A. Sponsored ADR has a twelve month low of $2.38 and a twelve month high of $6.01. 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 cap of $2.67 billion, a PE ratio of -1.25 and a beta of 0.71. The firm’s 50 day moving average is $2.91 and its two-hundred day moving average is $3.43.

Cosan (NYSE:CSAN) last announced its quarterly earnings data on Saturday, August 15th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $996.01 million. As a group, sell-side analysts predict that Cosan S.A. Sponsored ADR will post -0.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CSAN. HSBC cut Cosan from a “hold” rating to a “reduce” rating and dropped their price target for the company from $5.00 to $3.20 in a report on Tuesday, May 26th. Jefferies Financial Group cut Cosan to a “hold” rating in a report on Tuesday, May 26th. Zacks Research raised Cosan to a “hold” rating in a research report on Thursday, June 18th. Wall Street Zen raised Cosan from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cosan in a research report on Friday, September 4th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Cosan currently has a consensus rating of “Reduce” and a consensus target price of $3.85.

Institutional Investors Weigh In On Cosan

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Cosan by 3,266.6% in the 1st quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock valued at $51,000 after acquiring an additional 12,021 shares in the last quarter. Barometer Capital Management Inc. grew its position in Cosan by 1,839.0% during the 1st quarter. Barometer Capital Management Inc. now owns 171,600 shares of the company’s stock worth $707,000 after purchasing an additional 162,750 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in Cosan by 115.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company’s stock worth $728,000 after purchasing an additional 94,605 shares in the last quarter. SmartHarvest Portfolios LLC acquired a new stake in Cosan during the 1st quarter valued at $46,000. Finally, Blue Trust Inc. raised its stake in Cosan by 12,141.9% during the 1st quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock valued at $53,000 after purchasing an additional 12,749 shares during the period.

Cosan Company Profile

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.