Cosan S.A. (NYSE:CSAN) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lessened its holdings in shares of Cosan S.A. (NYSE:CSAN) by 8.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 542,102 shares of the company’s stock after selling 48,794 shares during the quarter. Lazard Asset Management LLC’s holdings in Cosan were worth $7,020,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CSAN. Banque Cantonale Vaudoise acquired a new stake in Cosan during the 1st quarter valued at approximately $1,036,000. Kapitalo Investimentos Ltda acquired a new stake in Cosan during the 4th quarter valued at approximately $635,000. Optiver Holding B.V. grew its stake in Cosan by 10.7% during the 4th quarter. Optiver Holding B.V. now owns 364,105 shares of the company’s stock valued at $5,702,000 after purchasing an additional 35,232 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Cosan during the 4th quarter valued at approximately $397,000. Finally, SPX Gestao de Recursos Ltda acquired a new position in shares of Cosan in the 4th quarter worth approximately $76,000.

Cosan Trading Down 0.5 %

Shares of CSAN opened at $9.62 on Monday. The stock has a 50 day moving average of $10.04 and a 200-day moving average of $12.07. Cosan S.A. has a 52 week low of $9.06 and a 52 week high of $16.86.

Cosan (NYSE:CSAN) last issued its earnings results on Tuesday, May 28th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $1.99 billion during the quarter. Analysts expect that Cosan S.A. will post 0.71 earnings per share for the current fiscal year.

Cosan Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th were given a $0.3469 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a dividend yield of 3.2%.

Cosan Profile

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company's Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.