Boston Partners Has $16.44 Million Stake in DNOW Inc. (NYSE:DNOW)

Boston Partners lowered its holdings in DNOW Inc. (NYSE:DNOW - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,481,365 shares of the oil and gas company's stock after selling 60,453 shares during the quarter. Boston Partners owned approximately 1.39% of DNOW worth $16,443,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DNOW. Pathstone Family Office LLC grew its position in shares of DNOW by 10.2% in the 3rd quarter. Pathstone Family Office LLC now owns 21,487 shares of the oil and gas company's stock worth $255,000 after buying an additional 1,986 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of DNOW by 1.2% in the 4th quarter. New York State Teachers Retirement System now owns 216,263 shares of the oil and gas company's stock worth $2,448,000 after buying an additional 2,469 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of DNOW by 25.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,666 shares of the oil and gas company's stock worth $162,000 after buying an additional 2,772 shares during the last quarter. Summit Global Investments grew its position in shares of DNOW by 21.0% in the 4th quarter. Summit Global Investments now owns 16,726 shares of the oil and gas company's stock worth $189,000 after buying an additional 2,900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of DNOW by 15.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,518 shares of the oil and gas company's stock worth $300,000 after buying an additional 3,602 shares during the last quarter. Institutional investors own 97.63% of the company's stock.

DNOW Price Performance

NYSE:DNOW traded up $0.05 during trading hours on Thursday, hitting $13.99. 724,238 shares of the company were exchanged, compared to its average volume of 1,055,123. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 6.45 and a beta of 1.48. DNOW Inc. has a 52-week low of $8.83 and a 52-week high of $15.57. The company's 50 day moving average price is $14.67 and its 200-day moving average price is $12.25.

DNOW (NYSE:DNOW - Get Free Report) last announced its quarterly earnings data on Friday, May 10th. The oil and gas company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). DNOW had a net margin of 10.30% and a return on equity of 10.39%. The business had revenue of $563.00 million for the quarter, compared to analyst estimates of $569.15 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The business's revenue was down 3.6% on a year-over-year basis. On average, equities analysts predict that DNOW Inc. will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

DNOW has been the topic of a number of analyst reports. Susquehanna cut their price objective on shares of DNOW from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Monday. StockNews.com downgraded shares of DNOW from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus boosted their target price on shares of DNOW from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th.

DNOW Profile

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.