NOW Inc (DNOW) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. boosted its position in shares of NOW Inc (NYSE:DNOW) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,113 shares of the oil and gas company’s stock after acquiring an additional 9,673 shares during the quarter. UBS Asset Management Americas Inc. owned 0.09% of NOW worth $1,038,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DNOW. ETRADE Capital Management LLC acquired a new stake in NOW in the 3rd quarter valued at about $165,000. Boothbay Fund Management LLC acquired a new stake in shares of NOW during the 3rd quarter worth about $176,000. Cubist Systematic Strategies LLC acquired a new stake in shares of NOW during the 3rd quarter worth about $176,000. 22NW LP acquired a new stake in shares of NOW during the 3rd quarter worth about $235,000. Finally, New Mexico Educational Retirement Board acquired a new stake in shares of NOW during the 4th quarter worth about $293,000.

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In other news, CEO Robert R. Workman purchased 28,550 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were bought at an average price of $10.51 per share, with a total value of $300,060.50. Following the completion of the transaction, the chief executive officer now directly owns 583,616 shares in the company, valued at approximately $6,133,804.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

Several equities research analysts have recently weighed in on DNOW shares. Credit Suisse Group reissued a “neutral” rating and set a $10.00 target price (down previously from $12.00) on shares of NOW in a research report on Tuesday, February 27th. Stifel Nicolaus cut their target price on NOW from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Seaport Global Securities raised NOW from a “neutral” rating to a “buy” rating in a research report on Thursday, February 15th. They noted that the move was a valuation call. ValuEngine lowered NOW from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, Susquehanna Bancshares set a $10.00 target price on NOW and gave the stock a “hold” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.50.

NOW stock opened at $10.14 on Friday. The company has a market capitalization of $1,095.42, a P/E ratio of -21.13 and a beta of 0.98. NOW Inc has a 12-month low of $9.12 and a 12-month high of $18.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.37 and a current ratio of 2.87.

NOW (NYSE:DNOW) last released its quarterly earnings results on Wednesday, February 14th. The oil and gas company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.08. The company had revenue of $669.00 million for the quarter, compared to analyst estimates of $690.62 million. NOW had a negative return on equity of 2.46% and a negative net margin of 1.96%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.29) earnings per share. equities analysts expect that NOW Inc will post 0.07 EPS for the current year.

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NOW Profile

NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.

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Institutional Ownership by Quarter for NOW (NYSE:DNOW)

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