AHL Partners LLP Has $1.91 Million Position in Dril-Quip, Inc. (DRQ)
AHL Partners LLP lifted its holdings in Dril-Quip, Inc. (NYSE:DRQ) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,044 shares of the oil and gas company’s stock after acquiring an additional 565 shares during the period. AHL Partners LLP owned 0.10% of Dril-Quip worth $1,905,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. QS Investors LLC lifted its holdings in shares of Dril-Quip by 0.5% in the 2nd quarter. QS Investors LLC now owns 2,813 shares of the oil and gas company’s stock valued at $137,000 after acquiring an additional 13 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Dril-Quip by 0.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 6,548 shares of the oil and gas company’s stock valued at $383,000 after acquiring an additional 33 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Dril-Quip by 0.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 35,235 shares of the oil and gas company’s stock valued at $1,922,000 after acquiring an additional 114 shares during the last quarter. Commerce Bank lifted its holdings in shares of Dril-Quip by 3.1% in the 2nd quarter. Commerce Bank now owns 5,125 shares of the oil and gas company’s stock valued at $250,000 after acquiring an additional 155 shares during the last quarter. Finally, Advantus Capital Management Inc lifted its holdings in shares of Dril-Quip by 3.6% in the 1st quarter. Advantus Capital Management Inc now owns 4,840 shares of the oil and gas company’s stock valued at $264,000 after acquiring an additional 170 shares during the last quarter.
Shares of Dril-Quip, Inc. (NYSE:DRQ) opened at 43.05 on Friday. The company has a 50-day moving average of $41.99 and a 200-day moving average of $47.44. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 80.02 and a beta of 0.70. Dril-Quip, Inc. has a 52-week low of $35.85 and a 52-week high of $69.40.
Dril-Quip (NYSE:DRQ) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Dril-Quip had a net margin of 4.28% and a return on equity of 2.12%. The firm had revenue of $127.90 million for the quarter, compared to analyst estimates of $112.12 million. During the same period in the prior year, the business posted $0.96 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. Equities research analysts anticipate that Dril-Quip, Inc. will post $0.11 EPS for the current year.
In other news, VP James C. Webster sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $43.49, for a total value of $86,980.00. Following the transaction, the vice president now directly owns 24,104 shares in the company, valued at approximately $1,048,282.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.
A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Dril-Quip from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. FBR & Co raised shares of Dril-Quip from a “neutral” rating to a “buy” rating and increased their price target for the company from $49.00 to $55.00 in a report on Tuesday. Piper Jaffray Companies set a $43.00 price target on shares of Dril-Quip and gave the company a “hold” rating in a report on Saturday, July 29th. Scotiabank set a $61.00 price target on shares of Dril-Quip and gave the company a “hold” rating in a report on Monday, July 31st. Finally, Cowen and Company lowered their price target on shares of Dril-Quip from $55.00 to $43.00 and set a “market perform” rating for the company in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $53.86.
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Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment. The Company’s operations are organized into three geographic segments: Western Hemisphere, including North and South America, headquartered in Houston, Texas; Eastern Hemisphere, including Europe and Africa, headquartered in Aberdeen, Scotland, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East, headquartered in Singapore.
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