Boston Partners Buys 212,768 Shares of South Bow Corporation $SOBO

Boston Partners lifted its stake in South Bow Corporation (NYSE:SOBO) by 16.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,507,499 shares of the company’s stock after buying an additional 212,768 shares during the period. Boston Partners owned about 0.72% of South Bow worth $39,216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SOBO. Caitong International Asset Management Co. Ltd increased its position in shares of South Bow by 150.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,550 shares of the company’s stock valued at $40,000 after purchasing an additional 930 shares during the period. Cubist Systematic Strategies LLC bought a new stake in South Bow in the 1st quarter valued at $85,000. Advisors Asset Management Inc. increased its holdings in South Bow by 80.4% in the 1st quarter. Advisors Asset Management Inc. now owns 7,922 shares of the company’s stock valued at $202,000 after buying an additional 3,531 shares during the period. Cerity Partners LLC acquired a new position in shares of South Bow in the 1st quarter valued at $211,000. Finally, Ewing Morris & Co. Investment Partners Ltd. lifted its holdings in shares of South Bow by 20.6% during the 1st quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 8,297 shares of the company’s stock worth $212,000 after acquiring an additional 1,419 shares during the period.

Wall Street Analyst Weigh In

SOBO has been the subject of several recent research reports. Scotiabank increased their price target on shares of South Bow from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of South Bow in a report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of South Bow in a research note on Wednesday, October 8th. CIBC upped their price target on South Bow from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $27.00 price objective on shares of South Bow in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, South Bow has an average rating of “Hold” and an average target price of $29.40.

South Bow Stock Performance

Shares of NYSE:SOBO opened at $26.67 on Thursday. The business has a fifty day moving average of $27.23 and a 200-day moving average of $26.69. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.20 and a current ratio of 1.28. South Bow Corporation has a twelve month low of $21.16 and a twelve month high of $29.19. The firm has a market cap of $5.55 billion and a PE ratio of 18.65.

South Bow Profile

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.