Wellington Management Group LLP Purchases New Holdings in DPC Holdings PLC $DPC

Wellington Management Group LLP purchased a new stake in DPC Holdings PLC (NYSE:DPC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 89,719 shares of the company’s stock, valued at approximately $4,402,000.

Separately, SurgoCap Partners LP bought a new stake in shares of DPC during the 2nd quarter worth approximately $31,336,000.

Insider Buying and Selling

In related news, Director Nick Sanders bought 288,213 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was bought at an average price of $33.00 per share, for a total transaction of $9,511,029.00. Following the purchase, the director owned 288,213 shares in the company, valued at $9,511,029. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dirkson R. Charles bought 903,448 shares of DPC stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average cost of $33.00 per share, with a total value of $29,813,784.00. Following the acquisition, the director directly owned 903,448 shares in the company, valued at $29,813,784. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 2,297,621 shares of company stock valued at $75,821,493.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DPC. Jefferies Financial Group initiated coverage on shares of DPC in a research note on Monday, July 20th. They issued a “buy” rating and a $56.00 target price for the company. Zacks Research raised shares of DPC to a “hold” rating in a research report on Tuesday, July 21st. Morgan Stanley increased their price target on shares of DPC from $47.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Wall Street Zen raised shares of DPC to a “hold” rating in a research report on Saturday, July 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of DPC from $53.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, DPC currently has an average rating of “Moderate Buy” and an average price target of $57.62.

DPC Trading Down 5.5%

DPC opened at $40.40 on Thursday. DPC Holdings PLC has a 1-year low of $37.65 and a 1-year high of $57.25. The firm has a fifty day simple moving average of $47.13.

DPC (NYSE:DPC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $268.70 million during the quarter. As a group, equities analysts expect that DPC Holdings PLC will post 0.45 earnings per share for the current year.

DPC Profile

DPC Holdings is a manufacturer of engineered engine products which include complex precision cast components and nickel- and cobalt-based superalloys primarily serving Aerospace and IGT end markets. DPC Holdings is based in United Kingdom.