Insider Selling: OUTFRONT Media (NYSE:OUT) EVP Sells $160,400.00 in Stock

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total transaction of $160,400.00. Following the transaction, the executive vice president owned 56,947 shares of the company’s stock, valued at $1,826,859.76. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

OUTFRONT Media Price Performance

Shares of NYSE:OUT traded down $0.60 on Thursday, reaching $31.50. The company’s stock had a trading volume of 1,321,967 shares, compared to its average volume of 1,512,294. The company has a 50-day simple moving average of $31.41 and a 200 day simple moving average of $27.74. OUTFRONT Media Inc. has a 52-week low of $15.90 and a 52-week high of $34.96. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $5.55 billion, a P/E ratio of 30.00, a PEG ratio of 1.52 and a beta of 1.49.

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

OUTFRONT Media Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.8%. OUTFRONT Media’s dividend payout ratio is 114.29%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OUT. Barrington Research set a $38.00 target price on OUTFRONT Media in a report on Tuesday, May 12th. Zacks Research lowered OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. TD Cowen reaffirmed 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. Morgan Stanley set a $37.00 price objective on shares of OUTFRONT Media in a research report on Friday, May 8th. Finally, Wells Fargo & Company increased their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.71.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OUT. GRS Advisors LLC increased its holdings in OUTFRONT Media by 12.8% during the 3rd quarter. GRS Advisors LLC now owns 2,468,232 shares of the financial services provider’s stock worth $45,218,000 after purchasing an additional 279,326 shares during the period. Burney Co. purchased a new stake in shares of OUTFRONT Media in the 4th quarter worth $735,000. Polar Asset Management Partners Inc. purchased a new stake in shares of OUTFRONT Media in the 3rd quarter worth $5,622,000. BTC Capital Management Inc. bought a new position in shares of OUTFRONT Media during the 4th quarter worth $3,625,000. Finally, Pensionfund PDN bought a new position in shares of OUTFRONT Media during the 4th quarter worth $1,027,000.

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.