Babcock (BW) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in Babcock (NYSE:BW) by 30.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,330 shares of the technology company’s stock after purchasing an additional 2,200 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Babcock were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of BW. California Public Employees Retirement System lifted its position in shares of Babcock by 467.1% in the second quarter. California Public Employees Retirement System now owns 838,100 shares of the technology company’s stock worth $9,856,000 after purchasing an additional 690,300 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of Babcock by 535.0% in the second quarter. Great Lakes Advisors LLC now owns 720,147 shares of the technology company’s stock worth $8,469,000 after purchasing an additional 606,743 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Babcock by 29.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,034,928 shares of the technology company’s stock worth $19,006,000 after purchasing an additional 458,237 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of Babcock by 34.9% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,231,004 shares of the technology company’s stock worth $14,477,000 after purchasing an additional 318,330 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Babcock by 8.0% in the second quarter. Vanguard Group Inc. now owns 4,232,623 shares of the technology company’s stock worth $49,776,000 after purchasing an additional 312,969 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

BW has been the subject of a number of research analyst reports. BidaskClub lowered shares of Babcock from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Credit Suisse Group cut their price objective on shares of Babcock from $10.00 to $3.70 and set an “underperform” rating on the stock in a research report on Friday, August 11th. UBS AG lowered shares of Babcock from a “buy” rating to a “neutral” rating and cut their price objective for the company from $13.00 to $3.00 in a research report on Monday, August 14th. Zacks Investment Research lowered shares of Babcock from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Babcock in a research report on Friday, September 22nd. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Babcock presently has a consensus rating of “Hold” and an average target price of $7.18.

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In other news, major shareholder Vintage Capital Management Llc purchased 1,686,945 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were bought at an average price of $3.10 per share, with a total value of $5,229,529.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by company insiders.

Babcock (NYSE:BW) opened at $4.48 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.17 and a quick ratio of 1.03. Babcock has a 52-week low of $1.61 and a 52-week high of $17.72.

Babcock (NYSE:BW) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.25). The business had revenue of $408.70 million for the quarter, compared to the consensus estimate of $413.41 million. Babcock had a negative net margin of 22.48% and a negative return on equity of 50.88%. Babcock’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. sell-side analysts forecast that Babcock will post -3.07 earnings per share for the current year.

About Babcock

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.

Institutional Ownership by Quarter for Babcock (NYSE:BW)

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