Teachers Retirement System of The State of Kentucky Sells 1,100 Shares of Weatherford International plc (NASDAQ:WFRD)

Teachers Retirement System of The State of Kentucky lessened its stake in Weatherford International plc (NASDAQ:WFRD) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,363 shares of the company’s stock after selling 1,100 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.05% of Weatherford International worth $3,558,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Weatherford International by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,785,384 shares of the company’s stock worth $703,254,000 after acquiring an additional 120,401 shares during the period. Boston Partners grew its holdings in Weatherford International by 3.5% during the 4th quarter. Boston Partners now owns 2,282,581 shares of the company’s stock worth $223,127,000 after acquiring an additional 76,872 shares during the period. American Century Companies Inc. grew its holdings in Weatherford International by 5.2% during the 3rd quarter. American Century Companies Inc. now owns 1,340,602 shares of the company’s stock worth $121,097,000 after acquiring an additional 65,935 shares during the period. Jennison Associates LLC grew its holdings in Weatherford International by 17.6% during the 4th quarter. Jennison Associates LLC now owns 1,284,626 shares of the company’s stock worth $125,675,000 after acquiring an additional 191,855 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Weatherford International by 12.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,124,495 shares of the company’s stock worth $110,013,000 after acquiring an additional 126,482 shares during the period. Institutional investors own 97.23% of the company’s stock.

Weatherford International Stock Up 1.9 %

Shares of WFRD opened at $115.50 on Wednesday. Weatherford International plc has a 52 week low of $58.04 and a 52 week high of $129.70. The firm has a market cap of $8.45 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 0.80 and a beta of 0.66. The firm’s 50-day simple moving average is $118.88 and its 200 day simple moving average is $107.18. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.37 and a current ratio of 1.84.

Weatherford International (NASDAQ:WFRD) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Weatherford International had a net margin of 8.61% and a return on equity of 52.88%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. On average, analysts forecast that Weatherford International plc will post 6.94 earnings per share for the current year.

Wall Street Analyst Weigh In

WFRD has been the subject of several research analyst reports. Bank of America boosted their price target on shares of Weatherford International from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, April 29th. Piper Sandler boosted their price target on shares of Weatherford International from $180.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Raymond James boosted their price target on shares of Weatherford International from $134.00 to $152.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 16th. TheStreet raised shares of Weatherford International from a “c” rating to a “b” rating in a report on Monday, March 11th. Finally, Evercore ISI upped their target price on shares of Weatherford International from $130.00 to $151.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $151.88.

Insiders Place Their Bets

In other Weatherford International news, Director Charles M. Sledge sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $123.47, for a total transaction of $1,234,700.00. Following the transaction, the director now owns 32,729 shares in the company, valued at approximately $4,041,049.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Weatherford International Profile

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.