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

Boston Partners reduced its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,755 shares of the company’s stock after selling 8,649 shares during the quarter. Boston Partners owned about 0.13% of Bowman Consulting Group worth $568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BWMN. Charles Schwab Investment Management Inc. lifted its position in shares of Bowman Consulting Group by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock valued at $932,000 after acquiring an additional 913 shares in the last quarter. FMR LLC lifted its position in shares of Bowman Consulting Group by 5.0% in the third quarter. FMR LLC now owns 2,730,755 shares of the company’s stock valued at $65,757,000 after acquiring an additional 128,981 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of 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 acquiring an additional 2,087 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of 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 acquiring an additional 2,370 shares in the last quarter. Finally, Polar Asset Management Partners Inc. increased its stake in Bowman Consulting Group by 16.3% in the third quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock valued at $11,627,000 after purchasing an additional 67,708 shares during the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Bowman Consulting Group Stock Performance

Shares of NASDAQ:BWMN opened at $24.33 on Friday. The firm has a market capitalization of $420.03 million, a PE ratio of -30.80 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50-day moving average of $23.14 and a two-hundred day moving average of $23.87. Bowman Consulting Group Ltd. has a 12 month low of $17.90 and a 12 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 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). The firm 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%.

Insiders Place Their Bets

In other news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the sale, the insider now owns 188,177 shares in the company, valued at approximately $4,226,455.42. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 20.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. B. Riley upgraded Bowman Consulting Group to a “strong-buy” rating in a research note on Tuesday, March 18th. Bank of America dropped their target price on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Finally, Robert W. Baird dropped their target price on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $33.83.

Bowman Consulting Group Profile

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.