Boston Partners Trims Stock Position in Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Boston Partners lessened its holdings in Babcock & Wilcox Enterprises, Inc. (NYSE:BW) by 31.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 493,313 shares of the technology company’s stock after selling 225,289 shares during the period. Boston Partners owned 0.52% of Babcock & Wilcox Enterprises worth $809,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Babcock & Wilcox Enterprises in the fourth quarter valued at about $46,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter valued at approximately $84,000. Thompson Davis & CO. Inc. lifted its stake in shares of Babcock & Wilcox Enterprises by 50.0% during the fourth quarter. Thompson Davis & CO. Inc. now owns 30,000 shares of the technology company’s stock valued at $49,000 after buying an additional 10,000 shares during the period. Equitec Proprietary Markets LLC lifted its stake in shares of Babcock & Wilcox Enterprises by 1,449.3% during the fourth quarter. Equitec Proprietary Markets LLC now owns 255,100 shares of the technology company’s stock valued at $418,000 after buying an additional 238,635 shares during the period. Finally, Barclays PLC lifted its stake in shares of Babcock & Wilcox Enterprises by 31,891.1% during the third quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock valued at $66,000 after buying an additional 32,210 shares during the period. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Babcock & Wilcox Enterprises Stock Performance

Shares of BW opened at $0.87 on Friday. The company has a market capitalization of $82.15 million, a price-to-earnings ratio of -1.05 and a beta of 1.84. The company’s 50 day simple moving average is $1.24 and its 200 day simple moving average is $1.69. Babcock & Wilcox Enterprises, Inc. has a 1 year low of $0.82 and a 1 year high of $2.99.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday.

About Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.