Boston Partners Boosts Stake in Dril-Quip, Inc. (DRQ)

Boston Partners raised its stake in shares of Dril-Quip, Inc. (NYSE:DRQ) by 68.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 617,025 shares of the oil and gas company’s stock after acquiring an additional 250,480 shares during the quarter. Boston Partners’ holdings in Dril-Quip were worth $29,432,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Dril-Quip by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,226,409 shares of the oil and gas company’s stock worth $157,449,000 after purchasing an additional 118,295 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Dril-Quip by 41.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,147,783 shares of the oil and gas company’s stock valued at $138,975,000 after acquiring an additional 927,533 shares in the last quarter. State Street Corp boosted its position in shares of Dril-Quip by 22.0% during the 2nd quarter. State Street Corp now owns 1,441,200 shares of the oil and gas company’s stock valued at $70,327,000 after acquiring an additional 260,352 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Dril-Quip by 6.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,187,983 shares of the oil and gas company’s stock valued at $52,450,000 after acquiring an additional 71,792 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Dril-Quip by 43.4% during the 3rd quarter. Wells Fargo & Company MN now owns 842,542 shares of the oil and gas company’s stock valued at $37,199,000 after acquiring an additional 255,037 shares in the last quarter.

Several analysts have recently weighed in on the stock. TheStreet upgraded shares of Dril-Quip from a “d+” rating to a “c-” rating in a research report on Friday, January 26th. Cowen set a $45.00 target price on shares of Dril-Quip and gave the company a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research lowered shares of Dril-Quip from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. ValuEngine lowered shares of Dril-Quip from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $38.00 target price on shares of Dril-Quip in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Dril-Quip presently has a consensus rating of “Hold” and an average price target of $49.43.

In other Dril-Quip news, insider Blake T. Deberry sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $44.66, for a total value of $446,600.00. Following the transaction, the insider now directly owns 126,208 shares in the company, valued at $5,636,449.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.87% of the stock is owned by insiders.

Dril-Quip, Inc. (NYSE DRQ) opened at $46.80 on Thursday. The company has a market cap of $1,800.27, a PE ratio of -64.47 and a beta of 0.72. Dril-Quip, Inc. has a 12-month low of $35.85 and a 12-month high of $67.95.

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Dril-Quip Company Profile

Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment. The Company’s operations are organized into three geographic segments: Western Hemisphere, including North and South America, headquartered in Houston, Texas; Eastern Hemisphere, including Europe and Africa, headquartered in Aberdeen, Scotland, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East, headquartered in Singapore.

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Institutional Ownership by Quarter for Dril-Quip (NYSE:DRQ)

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