Insider Selling: Cosan (NYSE:CSAN) Insider Sells 37,400 Shares of Stock

Cosan S.A. Sponsored ADR (NYSE:CSAN) insider Maria Rita De Carvalh Drummond sold 37,400 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $5.48, for a total transaction of $204,952.00. Following the transaction, the insider directly owned 2,128,536 shares of the company’s stock, valued at approximately $11,664,377.28. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Maria Rita De Carvalh Drummond also recently made the following trade(s):

• On Thursday, April 16th, Maria Rita De Carvalh Drummond sold 36,200 shares of Cosan stock. The stock was sold at an average price of $5.48, for a total transaction of $198,376.00.
• On Wednesday, April 15th, Maria Rita De Carvalh Drummond sold 35,800 shares of Cosan stock. The shares were sold at an average price of $5.57, for a total value of $199,406.00.

Cosan Price Performance

Shares of NYSE:CSAN traded up $0.03 on Thursday, hitting $3.48. The company had a trading volume of 1,764,256 shares, compared to its average volume of 2,192,060. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01. Cosan S.A. Sponsored ADR has a 52-week low of $3.25 and a 52-week high of $6.25. The business has a 50 day moving average of $4.07 and a 200 day moving average of $4.37. The company has a market cap of $3.45 billion, a PE ratio of -1.41 and a beta of 0.82.

Cosan (NYSE:CSAN) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) earnings per share (EPS) for the quarter. Cosan had a negative net margin of 32.24% and a negative return on equity of 13.94%. The company had revenue of $1.74 billion during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $4.75.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CSAN. Royal Bank of Canada lifted its stake in shares of Cosan by 113,135.4% during the 1st quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock worth $1,034,000 after purchasing an additional 197,987 shares during the period. Goldman Sachs Group Inc. grew its holdings in Cosan by 79.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company’s stock valued at $257,000 after buying an additional 21,818 shares during the period. Jane Street Group LLC grew its holdings in Cosan by 11.1% in the 1st quarter. Jane Street Group LLC now owns 92,126 shares of the company’s stock valued at $481,000 after buying an additional 9,181 shares during the period. JPMorgan Chase & Co. grew its holdings in Cosan by 4,668.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 46,823 shares of the company’s stock valued at $236,000 after buying an additional 45,841 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in Cosan in the 2nd quarter valued at about $109,000.

About Cosan

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.