Babcock & Wilcox Enterprises Inc (BW) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in Babcock & Wilcox Enterprises Inc (NYSE:BW) by 67.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 895,970 shares of the technology company’s stock after buying an additional 359,753 shares during the quarter. Wells Fargo & Company MN’s holdings in Babcock & Wilcox Enterprises were worth $2,983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its position in shares of Babcock & Wilcox Enterprises by 30.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,330 shares of the technology company’s stock worth $110,000 after acquiring an additional 2,200 shares in the last quarter. ETRADE Capital Management LLC raised its position in shares of Babcock & Wilcox Enterprises by 0.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 13,288 shares of the technology company’s stock worth $156,000 after acquiring an additional 95 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Babcock & Wilcox Enterprises in the 2nd quarter worth approximately $174,000. Virtu KCG Holdings LLC bought a new position in shares of Babcock & Wilcox Enterprises in the 2nd quarter worth approximately $186,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of Babcock & Wilcox Enterprises in the 3rd quarter worth approximately $229,000. Institutional investors and hedge funds own 64.05% of the company’s stock.

Babcock & Wilcox Enterprises Inc (NYSE BW) opened at $5.73 on Friday. Babcock & Wilcox Enterprises Inc has a 52-week low of $1.61 and a 52-week high of $17.50. The stock has a market capitalization of $249.76 and a P/E ratio of -0.80. 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 & Wilcox Enterprises (NYSE:BW) last announced its earnings results on Wednesday, November 8th. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.25). Babcock & Wilcox Enterprises had a negative return on equity of 50.88% and a negative net margin of 22.48%. The firm had revenue of $408.70 million during the quarter, compared to the consensus estimate of $413.41 million. During the same period in the prior year, the company posted $0.24 EPS. The firm’s revenue was down .6% on a year-over-year basis. research analysts expect that Babcock & Wilcox Enterprises Inc will post -3.07 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on BW shares. Zacks Investment Research raised Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday. KeyCorp reissued a “hold” rating on shares of Babcock & Wilcox Enterprises in a research report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $7.18.

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Babcock & Wilcox Enterprises Company Profile

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.

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Institutional Ownership by Quarter for Babcock & Wilcox Enterprises (NYSE:BW)

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