Boston Partners Has $512,000 Stake in Transocean Ltd. (NYSE:RIG)

Boston Partners trimmed its position in shares of Transocean Ltd. (NYSE:RIG) by 39.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,573 shares of the offshore drilling services provider’s stock after selling 87,580 shares during the quarter. Boston Partners’ holdings in Transocean were worth $512,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Twin Tree Management LP acquired a new position in shares of Transocean during the fourth quarter worth approximately $27,000. Blue Trust Inc. raised its position in Transocean by 96.2% in the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider’s stock valued at $37,000 after buying an additional 4,826 shares during the last quarter. Adero Partners LLC purchased a new stake in Transocean in the 4th quarter valued at $38,000. Stratos Wealth Partners LTD. purchased a new stake in Transocean in the 4th quarter valued at $40,000. Finally, R Squared Ltd purchased a new stake in Transocean in the 4th quarter valued at $41,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $3.85, for a total value of $84,700.00. Following the completion of the transaction, the executive vice president now owns 313,072 shares in the company, valued at $1,205,327.20. This trade represents a 6.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.16% of the stock is owned by corporate insiders.

Transocean Stock Down 1.4 %

RIG stock opened at $3.20 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 1.47. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of -4.38, a PEG ratio of 0.86 and a beta of 2.72. Transocean Ltd. has a fifty-two week low of $2.55 and a fifty-two week high of $6.88. The stock has a fifty day moving average of $3.49 and a 200-day moving average of $3.93.

Transocean (NYSE:RIG) last posted its quarterly earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.11). The firm had revenue of $952.00 million for the quarter, compared to the consensus estimate of $962.28 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. As a group, equities research analysts predict that Transocean Ltd. will post 0.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RIG shares. JPMorgan Chase & Co. raised Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a research report on Friday, December 6th. Evercore ISI lowered Transocean from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $6.00 to $5.00 in a research report on Wednesday, January 15th. Benchmark reissued a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. SEB Equity Research set a $2.80 price objective on Transocean in a research note on Wednesday, March 5th. Finally, Citigroup reduced their price objective on Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.23.

About Transocean

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.