Boston Partners Buys 25,726 Shares of Civeo Co. (NYSE:CVEO)

Boston Partners grew its stake in Civeo Co. (NYSE:CVEO) by 22.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,434 shares of the business services provider’s stock after acquiring an additional 25,726 shares during the period. Boston Partners owned 1.01% of Civeo worth $3,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Civeo in the 3rd quarter worth approximately $68,000. SG Americas Securities LLC raised its position in shares of Civeo by 42.4% during the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock worth $149,000 after acquiring an additional 1,950 shares during the last quarter. State Street Corp acquired a new position in shares of Civeo during the third quarter valued at $222,000. XTX Topco Ltd bought a new position in Civeo in the third quarter valued at about $231,000. Finally, OFI Invest Asset Management bought a new stake in Civeo during the 4th quarter worth about $878,000. 81.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Civeo from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 29th.

Civeo Stock Down 1.3 %

NYSE:CVEO opened at $21.31 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. Civeo Co. has a 12-month low of $20.26 and a 12-month high of $28.92. The stock’s fifty day simple moving average is $23.55 and its 200-day simple moving average is $24.78. The firm has a market capitalization of $291.02 million, a P/E ratio of 15.22 and a beta of 2.03.

Civeo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.69%. Civeo’s dividend payout ratio (DPR) is presently -80.00%.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.