Navigator (NYSE:NVGS – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
NVGS has been the subject of several other research reports. Citigroup raised their price objective on shares of Navigator from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Wall Street Zen cut Navigator from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, Weiss Ratings downgraded Navigator from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $23.33.
Read Our Latest Analysis on NVGS
Navigator Trading Down 3.9%
Navigator (NYSE:NVGS – Get Free Report) last released its earnings results on Wednesday, May 6th. The shipping company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.16. The firm had revenue of $140.62 million during the quarter, compared to analyst estimates of $139.35 million. Navigator had a net margin of 18.84% and a return on equity of 7.01%. As a group, analysts expect that Navigator will post 1.98 EPS for the current year.
Insider Activity
In other Navigator news, insider Oeyvind Lindeman sold 6,259 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $21.70, for a total value of $135,820.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Schroder sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $23.63, for a total transaction of $590,750.00. Following the completion of the transaction, the chief operating officer owned 5,000 shares in the company, valued at $118,150. This represents a 83.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.40% of the company’s stock.
Institutional Trading of Navigator
Several institutional investors and hedge funds have recently modified their holdings of the stock. First Manhattan CO. LLC. boosted its holdings in shares of Navigator by 27.8% in the fourth quarter. First Manhattan CO. LLC. now owns 1,430,009 shares of the shipping company’s stock valued at $24,768,000 after purchasing an additional 311,259 shares during the period. Encompass Capital Advisors LLC raised its position in Navigator by 62.7% during the 1st quarter. Encompass Capital Advisors LLC now owns 1,034,216 shares of the shipping company’s stock valued at $19,991,000 after purchasing an additional 398,615 shares in the last quarter. First Eagle Investment Management LLC raised its position in Navigator by 1.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 697,119 shares of the shipping company’s stock valued at $10,798,000 after purchasing an additional 7,574 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of Navigator by 19.6% in the 1st quarter. Hodges Capital Management Inc. now owns 661,790 shares of the shipping company’s stock worth $12,792,000 after buying an additional 108,467 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Navigator by 16.4% in the 1st quarter. Millennium Management LLC now owns 542,756 shares of the shipping company’s stock worth $7,224,000 after buying an additional 76,287 shares during the period. Institutional investors own 18.95% of the company’s stock.
Navigator Company Profile
Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.
Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).
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