Weir Group PLC Sub Div

The Weir Group is an engineering business. Co. is organized into three operating divisions: Minerals, which provides mill circuit technology and services as well as slurry handling equipment and associated aftermarket support for abrasive high wear applications; Oil & Gas, which provides pressure pumping and pressure control equipment and aftermarket spares and services, as well as equipment repairs, upgrades, certification and asset management, and field services; and Flow Control, which designs and manufactures valves and pumps, and also provides specialist support services to the global power generation, industrial, oil and gas and other aftermarket-orientated process industries.
  • TickerWEIR
  • ISINGB0009465807
  • ExchangeLondon Stock Exchange
  • SectorIndustrial Engineering
  • CountryUnited Kingdom

Analysts

1 director sold

A director at Weir Group sold 17,988 shares at 1,536p and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board member...

Preston Caldwell

Morningstar | Falling Oil Prices Have Made Oilfield Service Stocks Very Cheap Again

Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breached 15-plus year lows. For oilfield service companies, we think the market is pricing in overly pessimistic views on growth in oil and gas capital expenditures, as we've previously hig...

Preston Caldwell

Falling Oil Prices Have Made Oilfield Service Stocks Very Cheap Again

Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breeched 15-plus year lows. For oilfield service companies, we think the market is pricin...

WEIR GROUP PLC. sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of WEIR GROUP PLC. (GB), active in the Industrial Machinery industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 14, 2019, the closing price was GBp 1,573.00 and its target price was estimated at GBp 1,362.94.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to cyclicals Our positive outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains intact and we believe a “buy the dip” strategy is warranted. We recommend taking advantage of recent weakness -- where applicable -- by adding exposure to cyclical Sectors. • Actionable Sectors: Consumer Discretionary and Manufacturing. Today's recommendations focus on autos, auto parts, and machinery which span the Discretionary and Manufacturing Sectors. We initially recommended adding exposure to autos and auto parts in our 3/14/19 Int'l Compass, and we view the recent mild pullb...

Preston Caldwell

Morningstar | Falling Oil Prices Have Made Oilfield Service Stocks Very Cheap Again

Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breached 15-plus year lows. For oilfield service companies, we think the market is pricing in overly pessimistic views on growth in oil and gas capital expenditures, as we've previously hig...

Preston Caldwell

Falling Oil Prices Have Made Oilfield Service Stocks Very Cheap Again

Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breeched 15-plus year lows. For oilfield service companies, we think the market is pricin...

Preston Caldwell

Morningstar | Maintaining Weir FVE After Reviewing 2H Results

We are maintaining our fair value estimate of GBX 1,700 for Weir after reviewing the company's second-half 2018 results. The company's results in the minerals segment and newly acquired Esco have continued to improve, even as oil and gas results remain affected by the slowdown in U.S. shale completions. Our no-moat rating remains in place. Second-half 2018 revenue increased 5% sequentially on an organic basis (excluding results from Esco following its midyear acquisition), with 15% growth in minerals offsetting a 10% fall in oil and gas segment revenue. Likewise, adjusted operating margins in...

Preston Caldwell

Morningstar | Weir Remains the Leader in Upstream Pumping Equipment

Weir’s two largest operating segments drive its prospects: minerals, and oil and gas, which we expect to have diverging performance in the years to come. On the one hand, we believe that secular industry headwinds mean that minerals segment profitability will be mostly flat and will not recover to peak 2013 levels. Our in-depth forecasts for most of the key end markets served by the minerals segment, especially iron and copper, are quite bearish. We believe the 2000-13 mining boom, which generated exceptional profits for nearly all participants in the mining value chain, is not suffering a tem...

Preston Caldwell

Weir Remains the Leader in Upstream Pumping Equipment

We're maintaining our Weir fair value estimate of GBX 1,700 after reflecting on the company's recent results. Our no-moat rating also remains in place. The unchanged fair value estimate is a product of a positive revision to our forecasts for the company's minerals segment offset by a negative revision to our forecasts for oil and gas. Our 2022 operating income forecast for Weir still stands at about GBP 450 million, but we now expect about GBP 245 million to come from minerals and GBP 190 milli...

1 director sold

A director at Weir Group sold 17,988 shares at 1,536p and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board member...

WEIR GROUP PLC. sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of WEIR GROUP PLC. (GB), active in the Industrial Machinery industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 14, 2019, the closing price was GBp 1,573.00 and its target price was estimated at GBp 1,362.94.

Expert Corporate Governance Service (ECGS)

Weir Group - AGM 30 April 2019

Item 3: Approve the Remuneration Report The structure is unacceptable as pay is not sufficiently oriented toward the long-term.  Furthermore, while moderate in size, the LTI does not have performance conditions and, therefore, clearly does not serve to align pay with performance.  Even the plan's underpin is applied only at the discretion of the remuneration committee. The quantum is moderate.  However, given the concerns over the structure of remuneration, we recommend shareholders oppose.

Weir Group – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to cyclicals Our positive outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains intact and we believe a “buy the dip” strategy is warranted. We recommend taking advantage of recent weakness -- where applicable -- by adding exposure to cyclical Sectors. • Actionable Sectors: Consumer Discretionary and Manufacturing. Today's recommendations focus on autos, auto parts, and machinery which span the Discretionary and Manufacturing Sectors. We initially recommended adding exposure to autos and auto parts in our 3/14/19 Int'l Compass, and we view the recent mild pullb...

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