California State Teachers Retirement System decreased its holdings in Babcock (NYSE:BW) by 3.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,687 shares of the technology company’s stock after selling 3,400 shares during the period. California State Teachers Retirement System owned about 0.18% of Babcock worth $1,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of BW. UBS Asset Management Americas Inc. raised its stake in Babcock by 60.2% in the first quarter. UBS Asset Management Americas Inc. now owns 18,098 shares of the technology company’s stock worth $169,000 after buying an additional 6,800 shares in the last quarter. California Public Employees Retirement System raised its stake in Babcock by 31.8% in the first quarter. California Public Employees Retirement System now owns 147,800 shares of the technology company’s stock worth $1,380,000 after buying an additional 35,700 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Babcock by 4.3% during the first quarter. Vanguard Group Inc. now owns 3,919,654 shares of the technology company’s stock worth $36,610,000 after purchasing an additional 160,524 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Babcock by 2.3% during the first quarter. Geode Capital Management LLC now owns 374,996 shares of the technology company’s stock worth $3,502,000 after purchasing an additional 8,390 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Babcock by 29.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,034,928 shares of the technology company’s stock worth $19,006,000 after purchasing an additional 458,237 shares in the last quarter. 90.14% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Babcock from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Credit Suisse Group reduced their price target on Babcock from $10.00 to $3.70 and set an “underperform” rating on the stock in a research report on Friday, August 11th. UBS AG downgraded Babcock from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $13.00 to $3.00 in a research report on Monday, August 14th. Zacks Investment Research downgraded Babcock from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Babcock in a research report on Friday, September 22nd. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $7.18.

Shares of Babcock (NYSE:BW) traded down $0.23 on Monday, hitting $4.69. 1,093,000 shares of the stock were exchanged, compared to its average volume of 1,473,669. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.17. Babcock has a 12-month low of $1.61 and a 12-month high of $17.72.

Babcock (NYSE:BW) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.25). The company had revenue of $408.70 million for the quarter, compared to analysts’ expectations of $413.41 million. Babcock had a negative net margin of 22.48% and a negative return on equity of 50.88%. Babcock’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. sell-side analysts anticipate that Babcock will post -3.07 EPS for the current fiscal year.

In related news, major shareholder Vintage Capital Management Llc acquired 1,686,945 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average cost of $3.10 per share, with a total value of $5,229,529.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by insiders.

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Babcock Profile

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Power, Renewable and Industrial.

Institutional Ownership by Quarter for Babcock (NYSE:BW)

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