Charles Schwab Investment Management Inc. Grows Holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Charles Schwab Investment Management Inc. increased its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 40,039 shares of the company’s stock after purchasing an additional 1,331 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Bowman Consulting Group were worth $999,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Swedbank AB acquired a new stake in shares of Bowman Consulting Group during the fourth quarter worth about $4,990,000. FMR LLC increased its stake in Bowman Consulting Group by 5.0% during the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock worth $65,757,000 after buying an additional 128,981 shares during the period. Polar Asset Management Partners Inc. increased its stake in 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 worth $11,627,000 after buying an additional 67,708 shares during the period. Geode Capital Management LLC lifted its holdings 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 buying an additional 27,056 shares in the last quarter. Finally, Barclays PLC boosted its position in Bowman Consulting Group by 210.4% in the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock valued at $513,000 after buying an additional 14,466 shares during the period. Institutional investors and hedge funds own 63.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BWMN shares. Robert W. Baird cut their price objective on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. B. Riley upgraded Bowman Consulting Group to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, Bank of America reduced their price target on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Bowman Consulting Group currently has an average rating of “Buy” and a consensus price target of $33.83.

Insider Buying and Selling

In related news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $4,226,455.42. The trade was 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 this hyperlink. 20.40% of the stock is owned by company insiders.

Bowman Consulting Group Price Performance

Bowman Consulting Group stock opened at $22.68 on Monday. 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 company has a fifty day simple moving average of $23.00 and a 200-day simple moving average of $23.90. The stock has a market cap of $391.55 million, a P/E ratio of -28.71 and a beta of 1.32. Bowman Consulting Group Ltd. has a 12-month low of $17.90 and a 12-month high of $36.65.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%. The business had revenue of $113.22 million for the quarter, compared to analyst estimates of $110.00 million.

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.