Weatherford International PLC (NASDAQ:WFRD) Position Boosted by Fiera Capital Corp

Fiera Capital Corp grew its holdings in shares of Weatherford International PLC (NASDAQ:WFRD - Free Report) by 1,465.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 352,740 shares of the company's stock after purchasing an additional 330,206 shares during the period. Fiera Capital Corp owned approximately 0.49% of Weatherford International worth $18,889,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its holdings in shares of Weatherford International by 47.1% in the first quarter. Mackenzie Financial Corp now owns 22,063 shares of the company's stock worth $1,181,000 after buying an additional 7,063 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Weatherford International by 4.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,664 shares of the company's stock worth $1,053,000 after buying an additional 861 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Weatherford International by 141,810.0% in the first quarter. Assetmark Inc. now owns 14,191 shares of the company's stock worth $760,000 after buying an additional 14,181 shares during the last quarter. Royce & Associates LP increased its holdings in Weatherford International by 33.4% in the 1st quarter. Royce & Associates LP now owns 133,907 shares of the company's stock worth $7,171,000 after acquiring an additional 33,540 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in Weatherford International in the 1st quarter worth approximately $293,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Raymond James Financial reissued an "outperform" rating and issued a $70.00 price target (up from $69.00) on shares of Weatherford International in a report on Thursday, July 24th. Citigroup cut their price target on Weatherford International from $90.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Piper Sandler upgraded Weatherford International from a "neutral" rating to an "overweight" rating and raised their price target for the company from $62.00 to $73.00 in a report on Monday, July 28th. Finally, Barclays decreased their price objective on Weatherford International from $77.00 to $73.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $97.63.

Weatherford International Trading Down 3.2%

Shares of Weatherford International stock traded down $1.81 on Friday, reaching $54.74. The company had a trading volume of 977,378 shares, compared to its average volume of 1,036,229. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.63 and a current ratio of 2.21. The firm has a market cap of $3.93 billion, a PE ratio of 8.47, a PEG ratio of 1.64 and a beta of 0.77. The firm's 50 day moving average price is $52.10 and its two-hundred day moving average price is $53.92. Weatherford International PLC has a 52-week low of $36.74 and a 52-week high of $111.23.

Weatherford International (NASDAQ:WFRD - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.90. Weatherford International had a net margin of 9.35% and a return on equity of 34.87%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $1.66 EPS. Weatherford International's revenue for the quarter was down 14.3% on a year-over-year basis. Sell-side analysts predict that Weatherford International PLC will post 5.89 earnings per share for the current fiscal year.

Weatherford International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Wednesday, August 6th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, August 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. Weatherford International's payout ratio is 15.48%.

About Weatherford International

Weatherford International plc, an energy services company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells worldwide. The company operates through three segments: Drilling and Evaluation; Well Construction and Completions; and Production and Intervention.