Global Retirement Partners LLC Purchases 266,997 Shares of Babcock $BW

Global Retirement Partners LLC boosted its position in Babcock (NYSE:BW) by 1,085.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 291,597 shares of the technology company’s stock after purchasing an additional 266,997 shares during the quarter. Global Retirement Partners LLC owned approximately 0.26% of Babcock worth $1,849,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BW. Centiva Capital LP bought a new position in Babcock in the third quarter worth about $31,000. Raymond James Financial Inc. raised its holdings in Babcock by 11,311.3% in the third quarter. Raymond James Financial Inc. now owns 12,096 shares of the technology company’s stock worth $35,000 after purchasing an additional 11,990 shares in the last quarter. Sender Co & Partners Inc. bought a new position in Babcock in the third quarter worth about $50,000. Qube Research & Technologies Ltd bought a new position in Babcock in the third quarter worth about $69,000. Finally, Bank of America Corp DE raised its holdings in Babcock by 3,605.8% in the third quarter. Bank of America Corp DE now owns 25,496 shares of the technology company’s stock worth $74,000 after purchasing an additional 24,808 shares in the last quarter. 83.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BW shares. Wall Street Zen downgraded shares of Babcock from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Craig Hallum reiterated a “buy” rating and issued a $19.00 target price on shares of Babcock in a report on Tuesday, March 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Babcock in a report on Monday, April 20th. Finally, Northland Securities set a $23.00 price objective on shares of Babcock in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.25.

Insider Transactions at Babcock

In other news, CEO Kenneth M. Young bought 7,000 shares of Babcock stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average price of $15.14 per share, for a total transaction of $105,980.00. Following the purchase, the chief executive officer directly owned 1,656,512 shares of the company’s stock, valued at approximately $25,079,591.68. The trade was a 0.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by company insiders.

Babcock Stock Down 7.3%

BW opened at $19.05 on Friday. Babcock has a 52-week low of $0.62 and a 52-week high of $22.03. The company has a market cap of $2.83 billion, a P/E ratio of -21.65 and a beta of 1.08. The firm’s 50-day moving average price is $16.41 and its 200-day moving average price is $10.77.

Babcock (NYSE:BW) last released its earnings results on Monday, May 11th. The technology company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.57). The company had revenue of $214.41 million during the quarter, compared to analysts’ expectations of $149.72 million. On average, research analysts anticipate that Babcock will post 0.29 EPS for the current fiscal year.

Babcock Profile

Babcock & Wilcox Enterprises, Inc (NYSE: BW) is a specialized provider of energy and environmental technologies and services serving power generation and heavy industrial markets. The company designs, manufactures and maintains critical components and systems that support the safe and efficient operation of both fossil-fuel and renewable power facilities. Its core offerings include industrial and utility boilers, environmental control systems for emissions reduction, and aftermarket support services ranging from inspection and maintenance to spare parts management.

In addition to its boiler and emissions control portfolio, Babcock & Wilcox Enterprises delivers lifecycle solutions aimed at enhancing plant performance and compliance.