Rowan Companies plc (NYSE:RDC) reached 57.43% versus a 1-year low price of $9.02. The stock was last seen -5.71% lower, reaching at $14.2 on 12/06/2017. At recent session, the prices were hovering between $13.94 and $14.86. This company shares are 4.37% off its target price of $14.82 and the current market capitalization stands at $1.79B. The recent change has given its price a 3.01% lead over SMA 50 and -34.5% deficit over its 52-week high. The stock witnessed -4.57% declines, 41.72% gains and 23.69% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RDC’s volatility during a week at 4.94% and during a month it has been found around 3.98%.

Rowan Companies plc (RDC) Top Holders

Institutional investors currently hold around $2.03 billion or 89.9% in RDC stock. Look at its top three institutional owners. Blackrock Inc. owns $197.62 million in Rowan Companies plc, which represents roughly 11.04% of the company’s market cap and approximately 9.74% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 10,694,497 shares of the stock are valued at $161.06 million. The third largest holder is Blue Harbour Group, L.P., which currently holds $131.75 million worth of this stock and that ownership represents nearly 7.36% of its market capitalization.

Rowan Companies plc 13F Filings

At the end of 09/30/2017 reporting period, 93 institutional holders increased their position in Rowan Companies plc (NYSE:RDC) by some 19,448,545 shares, 145 decreased positions by 25,355,480 and 21 held positions by 89,937,023. That puts total institutional holdings at 134,741,048 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 3,370,408 shares while 39 institutional investors sold out their entire positions totaling 3,550,355 shares.

Rowan Companies plc (NYSE:RDC) Insider Trades

Multiple company employees have indulged in significant insider trading. Rowan Companies plc disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Sandvold Tore I has sold 5,000 shares of Rowan Companies plc (RDC) in trading session dated Jun. 01, 2017. These shares are worth $62,800 and were traded at $12.56 each. The SEC filing shows that Sandvold Tore I performed a purchase of 5,000 shares. The Director added these shares by way of transaction on May. 19, 2015. The company’s shares were assimilated at $22.29 per share worth to an investment of some $111,450 on account of Sandvold Tore I.

Senior Vice President, Necaise Frankie Derek, sold 4,360 common shares of Rowan Companies plc (RDC) in the open market. In a transaction dated Jun. 11, 2014, the shares were put up for sale at an average price of $31.96, raking in a sum of $139,346. After this sale, 33,975 common shares of RDC are directly owned by the insider, with total stake valued at $482,445.

In the transaction dated Jun. 11, 2014, the great number of shares disposed came courtesy the Executive V.P. – Legal; Buvens John L disposed a total of 55,000 shares at an average price of $31.96, amounting to approximately $1,757,800. The insider now directly owns 116,131 shares worth $1,649,060.

Rowan Companies plc (RDC) Analyst Guide

Several analysts have released their opinion on Rowan Companies plc (NYSE:RDC), with 6 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.35 average brokerage recommendation.

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