TRMD Torm PLC Class A

TORM plc has appointed Simon Mackenzie Smith as the new Chair of its Board, succeeding Chris Boehringer, who will remain a board member. Smith currently chairs Dowlais Group plc and is a non-executive director at Interpath Limited. This announcement follows several recent activities by TORM plc, including share capital increases due to RSU exercises and vessel deliveries, and an analyst upgrade.

Norges Bank recently acquired a new stake of 1,245,660 shares in Torm Plc ($TRMD) during the second quarter, valued at approximately $20.998 million, increasing its ownership to about 1.33%. This purchase comes as Torm raised its quarterly dividend to $0.62 per share, and the company reported earnings that exceeded analyst expectations. Institutional investors and hedge funds collectively own 73.89% of Torm's stock.

Arrowstreet Capital Limited Partnership significantly reduced its stake in Torm Plc (NASDAQ:TRMD) by selling over 1.1 million shares, now owning 3.24% of the company. Despite the sell-off, Torm reported strong quarterly earnings, beating analyst estimates, and increased its quarterly dividend to $0.62 per share, reflecting an 11.7% yield. The company maintains a "Hold" consensus rating from analysts with an average target price of $23.00.

TORM plc reported its Q3 2025 financial results, showing a strong quarter despite overall lower freight rates compared to the previous year, reflecting a normalization of market conditions. The company announced an interim dividend of USD 0.62 per share and narrowed its full-year 2025 guidance, slightly increasing the midpoint for TCE earnings and EBITDA. TORM also highlighted strategic fleet adjustments and a significant refinancing effort to enhance capital flexibility and potentially support higher dividend payouts.

TORM plc has increased its share capital by 14,206 Class A common shares due to the exercise of Restricted Stock Units, part of its incentive program. These new shares will be listed on Nasdaq Copenhagen and do not grant pre-emption rights to existing shareholders. Analysts currently rate TORM (TRMD) stock as a Sell with a DKK 89.00 price target.

TORM plc announced on November 12, 2025, a capital increase of 2,395,426 Class A common shares. This increase resulted from the delivery of an LR2 vessel and the exercise of Restricted Stock Units within TORM's incentive program, aiming to strengthen the company's capital structure and market position. The newly issued shares are subject to a 40-day lock-up period and will be listed on Nasdaq Copenhagen, with the most recent analyst rating on TRMD stock being a Sell with a DKK89.00 price target.