Boston Partners Sells 87,580 Shares of Transocean Ltd. (NYSE:RIG)

Boston Partners lessened its stake in shares of Transocean Ltd. (NYSE:RIG - Free Report) by 39.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in RIG. Pilgrim Global Advisors LLC bought a new stake in Transocean during the third quarter worth approximately $77,473,000. Van ECK Associates Corp boosted its holdings in shares of Transocean by 33.9% during the 4th quarter. Van ECK Associates Corp now owns 15,393,873 shares of the offshore drilling services provider's stock worth $57,727,000 after buying an additional 3,895,880 shares during the period. Madison Investment Advisors LLC acquired a new position in Transocean in the 4th quarter valued at $11,156,000. Point72 Europe London LLP bought a new position in Transocean in the 3rd quarter worth $8,935,000. Finally, State Street Corp lifted its position in Transocean by 11.0% during the 3rd quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider's stock worth $83,275,000 after acquiring an additional 1,944,723 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Transocean Price Performance

Shares of RIG stock traded down $0.09 during trading hours on Tuesday, hitting $3.14. The company had a trading volume of 39,572,825 shares, compared to its average volume of 21,798,261. 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 firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of -4.30, a PEG ratio of 0.86 and a beta of 2.72. Transocean Ltd. has a 12 month low of $2.55 and a 12 month high of $6.88. The firm's fifty day moving average is $3.46 and its 200 day moving average is $3.92.

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Transocean (NYSE:RIG - Get Free Report) last issued its quarterly earnings data on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.11). Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The company had revenue of $952.00 million for the quarter, compared to the consensus estimate of $962.28 million. On average, sell-side analysts predict that Transocean Ltd. will post 0.14 EPS for the current fiscal year.

Insider Buying and Selling at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of Transocean stock in a transaction on 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 approximately $1,205,327.20. The trade was a 6.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 13.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TD Cowen dropped their price objective on Transocean from $6.50 to $5.50 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Benchmark reiterated a "hold" rating on shares of Transocean in a report on Tuesday, December 3rd. SEB Equity Research set a $2.80 price objective on shares of Transocean in a research note on Wednesday, March 5th. Barclays cut their target price on shares of Transocean from $4.50 to $4.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upgraded shares of Transocean from an "underweight" rating to a "neutral" rating and set a $5.00 price target on the stock in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.23.

Transocean Company Profile

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.