Boston Partners Trims Stock Holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Boston Partners lowered its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 27.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,755 shares of the company’s stock after selling 8,649 shares during the period. Boston Partners’ holdings in Bowman Consulting Group were worth $568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BWMN. Quantbot Technologies LP boosted its holdings in Bowman Consulting Group by 115.6% in the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock valued at $94,000 after purchasing an additional 2,087 shares during the last quarter. SG Americas Securities LLC purchased a new position in Bowman Consulting Group in the fourth quarter valued at about $147,000. Rhumbline Advisers boosted its holdings in Bowman Consulting Group by 7.6% in the fourth quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock valued at $449,000 after purchasing an additional 1,277 shares during the last quarter. Barclays PLC boosted its holdings in Bowman Consulting Group by 210.4% in the third quarter. Barclays PLC now owns 21,341 shares of the company’s stock valued at $513,000 after purchasing an additional 14,466 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Bowman Consulting Group by 10.8% in the third quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock valued at $585,000 after purchasing an additional 2,370 shares during the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Insider Transactions at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the sale, the insider now directly owns 188,177 shares in the company, valued at $4,226,455.42. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.40% of the company’s stock.

Bowman Consulting Group Stock Up 1.1 %

Shares of Bowman Consulting Group stock opened at $24.33 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The business’s 50 day simple moving average is $23.14 and its 200-day simple moving average is $23.87. The stock has a market capitalization of $420.03 million, a price-to-earnings ratio of -30.80 and a beta of 1.32. Bowman Consulting Group Ltd. has a twelve month low of $17.90 and a twelve month high of $40.99.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $113.22 million for the quarter, compared to analyst estimates of $110.00 million. Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BWMN shares. Robert W. Baird reduced their target price on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. B. Riley raised Bowman Consulting Group to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, Bank of America reduced their target price on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bowman Consulting Group presently has a consensus rating of “Buy” and an average price target of $33.83.

About Bowman Consulting Group

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.