State Street Corp Acquires 13,904 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

State Street Corp lifted its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 255,259 shares of the company’s stock after buying an additional 13,904 shares during the period. State Street Corp owned approximately 1.46% of Bowman Consulting Group worth $6,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC increased its holdings 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 purchasing an additional 128,981 shares during the period. Pembroke Management LTD grew its holdings in Bowman Consulting Group by 10.0% in the third quarter. Pembroke Management LTD now owns 711,648 shares of the company’s stock valued at $17,136,000 after purchasing an additional 64,617 shares during the period. Polar Asset Management Partners Inc. lifted its holdings in Bowman Consulting Group by 16.3% during 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 in the last quarter. Summit Creek Advisors LLC grew its position in shares of Bowman Consulting Group by 15.1% in the second quarter. Summit Creek Advisors LLC now owns 345,704 shares of the company’s stock valued at $10,990,000 after purchasing an additional 45,451 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in shares of Bowman Consulting Group by 87.4% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock valued at $5,958,000 after acquiring an additional 87,410 shares during the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reduced their price objective on Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Bowman Consulting Group presently has a consensus rating of “Buy” and an average target price of $39.70.

Insider Buying and Selling at Bowman Consulting Group

In other news, insider Robert Alan Hickey sold 1,444 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $22.09, for a total value of $31,897.96. Following the transaction, the insider now owns 196,888 shares in the company, valued at approximately $4,349,255.92. This represents a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen A. Riddick sold 2,288 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $28.60, for a total transaction of $65,436.80. Following the completion of the sale, the director now directly owns 20,248 shares of the company’s stock, valued at approximately $579,092.80. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,788 shares of company stock valued at $120,641 in the last 90 days. Company insiders own 20.40% of the company’s stock.

Bowman Consulting Group Price Performance

BWMN opened at $24.58 on Friday. The firm has a market cap of $430.89 million, a price-to-earnings ratio of -31.11 and a beta of 1.26. 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 stock’s 50-day moving average price is $24.91 and its 200 day moving average price is $26.54. Bowman Consulting Group Ltd. has a 12-month low of $19.92 and a 12-month high of $42.90.

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.