1,744,206 Shares in Expro Group Holdings N.V. $XPRO Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC acquired a new stake in shares of Expro Group Holdings N.V. (NYSE:XPRO) in the second quarter, HoldingsChannel reports. The firm acquired 1,744,206 shares of the company’s stock, valued at approximately $25,762,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Expro Group in the second quarter worth $117,773,000. Jennison Associates LLC purchased a new stake in shares of Expro Group during the fourth quarter valued at $58,165,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Expro Group by 20.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,030,884 shares of the company’s stock worth $147,264,000 after purchasing an additional 1,878,245 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Expro Group in the fourth quarter worth about $12,263,000. Finally, Dimensional Fund Advisors LP increased its stake in Expro Group by 9.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,917,574 shares of the company’s stock worth $103,023,000 after buying an additional 533,741 shares during the period. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Insider Activity

In other news, Director Eileen Goss Whelley sold 6,168 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $15.14, for a total transaction of $93,383.52. Following the transaction, the director directly owned 47,648 shares in the company, valued at approximately $721,390.72. This trade represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on XPRO shares. Weiss Ratings upgraded shares of Expro Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Zacks Research raised shares of Expro Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. The Goldman Sachs Group set a $19.00 target price on shares of Expro Group in a research report on Thursday, June 4th. KeyCorp raised shares of Expro Group to a “neutral” rating in a research note on Thursday, June 4th. Finally, Freedom Capital raised Expro Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.00.

Expro Group Stock Down 0.6%

NYSE:XPRO opened at $18.30 on Friday. Expro Group Holdings N.V. has a 1-year low of $11.60 and a 1-year high of $19.23. The company has a 50-day moving average of $15.85 and a 200 day moving average of $16.36. The firm has a market cap of $2.06 billion, a PE ratio of 101.67 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.13 and a quick ratio of 1.76.

Expro Group (NYSE:XPRO) last posted its earnings results on Tuesday, July 28th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Expro Group had a net margin of 1.33% and a return on equity of 3.27%. The business had revenue of $393.18 million for the quarter, compared to analysts’ expectations of $387.36 million. During the same period last year, the business posted $0.30 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, research analysts anticipate that Expro Group Holdings N.V. will post 0.53 EPS for the current fiscal year.

Expro Group Profile

Expro Group plc is a global energy services company that specializes in well flow management and well testing solutions for the oil and gas industry. The company’s core offerings include wellhead and pressure control systems, downhole well construction tools, subsea intervention services, and integrated tubular running services. These capabilities enable exploration and production companies to optimize well performance, enhance safety and mitigate operational risk throughout the drilling, completion and intervention phases of the well life cycle.

Founded in 1973, Expro has grown both organically and through targeted acquisitions to establish a presence in more than 30 countries.