Vanguard Group Inc. Sells 21,530 Shares of Expro Group Holdings N.V. $XPRO

Key Points

• Vanguard Group Inc. reduced its stake in Expro Group Holdings N.V. by 0.2%, now owning approximately 10.2 million shares, which represents 8.85% of the company's total stock worth $101.5 million.
• Expro Group's stock saw a 7.0% increase recently, with shares trading at $12.3550 while the company reported strong earnings of $0.16 per share in its last quarter, surpassing analysts' expectations.
• Institutional investors hold a significant portion of Expro Group, with 92.07% of the company's stock owned by such investors, indicating strong confidence in the company's performance.

Vanguard Group Inc. decreased its stake in Expro Group Holdings N.V. (NYSE:XPRO - Free Report) by 0.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,214,730 shares of the company's stock after selling 21,530 shares during the quarter. Vanguard Group Inc. owned 8.85% of Expro Group worth $101,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Expro Group by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,822 shares of the company's stock worth $671,000 after acquiring an additional 1,989 shares during the period. Sterling Capital Management LLC boosted its position in Expro Group by 824.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,033 shares of the company's stock worth $38,000 after acquiring an additional 2,705 shares during the period. MetLife Investment Management LLC boosted its position in Expro Group by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 57,908 shares of the company's stock worth $722,000 after acquiring an additional 3,213 shares during the period. Guggenheim Capital LLC boosted its position in Expro Group by 24.6% during the 4th quarter. Guggenheim Capital LLC now owns 18,270 shares of the company's stock worth $228,000 after acquiring an additional 3,608 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Expro Group by 0.8% during the 1st quarter. Victory Capital Management Inc. now owns 507,804 shares of the company's stock worth $5,048,000 after acquiring an additional 3,862 shares during the period. Institutional investors and hedge funds own 92.07% of the company's stock.

Expro Group Stock Down 1.9%

Shares of XPRO traded down $0.23 during midday trading on Tuesday, reaching $12.19. 1,223,914 shares of the stock were exchanged, compared to its average volume of 1,242,850. Expro Group Holdings N.V. has a 12-month low of $6.70 and a 12-month high of $20.47. The firm has a 50 day simple moving average of $9.73 and a 200-day simple moving average of $9.66. The company has a quick ratio of 1.78, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 19.98 and a beta of 1.20.

Expro Group (NYSE:XPRO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. Expro Group had a return on equity of 6.43% and a net margin of 4.26%.The company had revenue of $422.74 million during the quarter, compared to the consensus estimate of $408.04 million. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts forecast that Expro Group Holdings N.V. will post 0.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on XPRO shares. Piper Sandler raised their price objective on Expro Group from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Barclays raised their price objective on Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company started coverage on Expro Group in a research report on Tuesday, May 27th. They set an "overweight" rating and a $12.00 price objective for the company. Finally, Pickering Energy Partners started coverage on Expro Group in a research report on Monday, July 28th. They set an "outperform" rating for the company. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Expro Group presently has a consensus rating of "Moderate Buy" and an average price target of $12.50.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.