Bank of New York Mellon Corp Acquires 586 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Bank of New York Mellon Corp grew its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,031 shares of the company’s stock after acquiring an additional 586 shares during the quarter. Bank of New York Mellon Corp owned 0.18% of Bowman Consulting Group worth $799,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB acquired a new stake in Bowman Consulting Group in the fourth quarter valued at approximately $4,990,000. FMR LLC lifted its stake in shares of Bowman Consulting Group by 5.0% in the 3rd 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 during the last quarter. Polar Asset Management Partners Inc. boosted its holdings in shares of Bowman Consulting Group by 16.3% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock valued at $11,627,000 after acquiring an additional 67,708 shares in the last quarter. Geode Capital Management LLC grew its position in Bowman Consulting Group by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock worth $7,859,000 after acquiring an additional 27,056 shares during the last quarter. Finally, Barclays PLC increased its holdings in Bowman Consulting Group by 210.4% in the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock worth $513,000 after purchasing an additional 14,466 shares in the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bowman Consulting Group 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 transaction of $56,150.00. Following the completion of the sale, the insider now directly owns 188,177 shares in the company, valued at approximately $4,226,455.42. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 20.40% of the stock is owned by insiders.

Bowman Consulting Group Trading Down 1.4 %

Shares of BWMN stock opened at $24.61 on Wednesday. Bowman Consulting Group Ltd. has a 1-year low of $17.90 and a 1-year high of $40.20. 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 has a market cap of $424.87 million, a price-to-earnings ratio of -31.15 and a beta of 1.32. The stock has a 50-day moving average of $23.16 and a 200-day moving average of $23.90.

Bowman Consulting Group (NASDAQ:BWMN) last released its 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 firm had revenue of $113.22 million for the quarter, compared to analyst estimates of $110.00 million. Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BWMN shares. Bank of America cut their price target on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. B. Riley upgraded shares of Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Robert W. Baird decreased their price target on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.