Cambridge Investment Research Advisors Inc. Acquires 9,190 Shares of Neff Corporation (NEFF)
Cambridge Investment Research Advisors Inc. boosted its holdings in Neff Corporation (NYSE:NEFF) by 47.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,553 shares of the industrial products company’s stock after purchasing an additional 9,190 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.32% of Neff Corporation worth $543,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. ClariVest Asset Management LLC bought a new stake in Neff Corporation in the second quarter worth $2,758,000. Strs Ohio lifted its stake in Neff Corporation by 6.9% in the second quarter. Strs Ohio now owns 35,600 shares of the industrial products company’s stock worth $676,000 after purchasing an additional 2,300 shares during the last quarter. Bank of Montreal Can lifted its stake in Neff Corporation by 65.9% in the second quarter. Bank of Montreal Can now owns 15,057 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 5,979 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Neff Corporation by 40.2% in the first quarter. Goldman Sachs Group Inc. now owns 44,259 shares of the industrial products company’s stock worth $861,000 after purchasing an additional 12,695 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Neff Corporation by 74.8% in the first quarter. Bank of America Corp DE now owns 7,342 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 3,142 shares during the last quarter. 91.02% of the stock is owned by institutional investors and hedge funds.
Neff Corporation (NEFF) opened at 25.00 on Monday. The stock’s 50 day moving average is $23.22 and its 200 day moving average is $19.21. Neff Corporation has a 52 week low of $8.50 and a 52 week high of $26.45. The company has a market capitalization of $222.30 million, a P/E ratio of 17.92 and a beta of 3.38.
Neff Corporation (NYSE:NEFF) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.16. The firm had revenue of $104.10 million during the quarter, compared to the consensus estimate of $104.35 million. Neff Corporation had a negative return on equity of 9.21% and a net margin of 3.26%. Neff Corporation’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. On average, equities research analysts expect that Neff Corporation will post $1.71 earnings per share for the current year.
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Several analysts have weighed in on the stock. ValuEngine downgraded shares of Neff Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Wells Fargo & Company reissued a “market perform” rating and issued a $18.00 price target (up from $8.50) on shares of Neff Corporation in a research note on Tuesday, June 6th. Jefferies Group LLC reissued a “neutral” rating on shares of Neff Corporation in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised shares of Neff Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, June 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $20.17.
Neff Corporation Company Profile
Neff Corporation is an equipment rental company. The Company offers an array of equipment rental solutions for its customer base, including infrastructure, non-residential construction, oil and gas, and residential construction customers. Its fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.
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