Fiera Capital Corp Sells 16,968 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Fiera Capital Corp lessened its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 26.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,000 shares of the company’s stock after selling 16,968 shares during the quarter. Fiera Capital Corp owned about 0.33% of Bowman Consulting Group worth $1,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. NBC Securities Inc. bought a new position in shares of Bowman Consulting Group during the 4th quarter worth about $214,000. Millrace Asset Group Inc. lifted its position in Bowman Consulting Group by 42.3% in the 3rd quarter. Millrace Asset Group Inc. now owns 33,827 shares of the company’s stock valued at $948,000 after acquiring an additional 10,055 shares in the last quarter. FMR LLC lifted its position in Bowman Consulting Group by 33.7% in the 3rd quarter. FMR LLC now owns 1,761,350 shares of the company’s stock valued at $49,371,000 after acquiring an additional 444,299 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Bowman Consulting Group in the 3rd quarter valued at about $208,000. Finally, Navellier & Associates Inc. lifted its position in Bowman Consulting Group by 25.2% in the 3rd quarter. Navellier & Associates Inc. now owns 14,497 shares of the company’s stock valued at $406,000 after acquiring an additional 2,915 shares in the last quarter. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

Shares of NASDAQ BWMN opened at $32.66 on Friday. Bowman Consulting Group Ltd. has a twelve month low of $25.52 and a twelve month high of $42.90. The stock’s 50 day moving average price is $33.87 and its 200-day moving average price is $32.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.21 and a current ratio of 1.21.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Monday, March 11th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.38. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. The firm had revenue of $92.97 million for the quarter, compared to the consensus estimate of $88.68 million. As a group, equities analysts predict that Bowman Consulting Group Ltd. will post 0.09 EPS for the current year.

Insider Activity at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $38.94, for a total value of $311,520.00. Following the transaction, the insider now owns 214,403 shares in the company, valued at $8,348,852.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Bowman Consulting Group news, CFO Bruce J. Labovitz sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $30.79, for a total transaction of $307,900.00. Following the sale, the chief financial officer now owns 283,288 shares of the company’s stock, valued at approximately $8,722,437.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Alan Hickey sold 8,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $38.94, for a total transaction of $311,520.00. Following the sale, the insider now directly owns 214,403 shares in the company, valued at approximately $8,348,852.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,699 shares of company stock worth $6,406,472. Insiders own 20.40% of the company’s stock.

Analyst Upgrades and Downgrades

BWMN has been the topic of several recent research reports. B. Riley reaffirmed a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. DA Davidson raised their price target on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. TheStreet raised shares of Bowman Consulting Group from a “c” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, Roth Mkm cut their target price on Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, Bowman Consulting Group has an average rating of “Buy” and an average target price of $46.33.

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.