Lazard Asset Management LLC Sells 48,794 Shares of Cosan S.A. (NYSE:CSAN)

Lazard Asset Management LLC trimmed its position in shares of Cosan S.A. (NYSE:CSAN) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,102 shares of the company’s stock after selling 48,794 shares during the period. Lazard Asset Management LLC’s holdings in Cosan were worth $7,020,000 as of its most recent SEC filing.

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

Cosan Trading Down 0.5 %

Shares of CSAN stock opened at $9.62 on Monday. Cosan S.A. has a 12 month low of $9.06 and a 12 month high of $16.86. The stock has a 50 day moving average of $10.04 and a two-hundred day moving average of $12.07.

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

Cosan Dividend Announcement

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

Cosan Company 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.