Wells Fargo & Company MN Raises Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Wells Fargo & Company MN lifted its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 55.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,524 shares of the company’s stock after buying an additional 2,316 shares during the period. Wells Fargo & Company MN’s holdings in Bowman Consulting Group were worth $163,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Barclays PLC lifted its stake in shares of Bowman Consulting Group by 210.4% during the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock worth $513,000 after acquiring an additional 14,466 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Bowman Consulting Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 800,748 shares of the company’s stock worth $19,979,000 after purchasing an additional 13,198 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Bowman Consulting Group by 1.9% during the fourth quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company’s stock valued at $799,000 after purchasing an additional 586 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Bowman Consulting Group by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,039 shares of the company’s stock worth $999,000 after buying an additional 1,331 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Bowman Consulting Group by 7.6% during the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock valued at $449,000 after buying an additional 1,277 shares in the last quarter. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Price Performance

NASDAQ BWMN opened at $24.82 on Friday. The company has a market cap of $428.89 million, a PE ratio of -31.42 and a beta of 1.24. Bowman Consulting Group Ltd. has a 52-week low of $17.90 and a 52-week high of $36.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The firm’s 50 day moving average price is $22.27 and its 200-day moving average price is $23.72.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.21). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird upped their target price on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America reduced their price objective on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Finally, B. Riley raised Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $34.17.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 directly owns 188,177 shares in the company, valued at $4,226,455.42. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.40% of the company’s stock.

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.