State of Wisconsin Investment Board purchased a new position in Neff Corp (NYSE:NEFF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 275,000 shares of the industrial products company’s stock, valued at approximately $6,875,000. State of Wisconsin Investment Board owned 3.09% of Neff Corp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of NEFF. Bank of New York Mellon Corp raised its holdings in shares of Neff Corp by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 44,072 shares of the industrial products company’s stock worth $858,000 after buying an additional 1,719 shares during the period. American International Group Inc. raised its holdings in shares of Neff Corp by 7.1% in the first quarter. American International Group Inc. now owns 5,861 shares of the industrial products company’s stock worth $114,000 after buying an additional 389 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of Neff Corp by 26.3% in the first quarter. TIAA CREF Investment Management LLC now owns 75,868 shares of the industrial products company’s stock worth $1,476,000 after buying an additional 15,814 shares during the period. Vanguard Group Inc. raised its holdings in shares of Neff Corp by 7.7% in the first quarter. Vanguard Group Inc. now owns 387,886 shares of the industrial products company’s stock worth $7,545,000 after buying an additional 27,630 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Neff Corp by 42.0% in the first quarter. Dimensional Fund Advisors LP now owns 121,826 shares of the industrial products company’s stock worth $2,370,000 after buying an additional 36,030 shares during the period. Hedge funds and other institutional investors own 33.94% of the company’s stock.

Neff Corp (NEFF) opened at $25.00 on Friday. Neff Corp has a fifty-two week low of $8.50 and a fifty-two week high of $26.45. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of -6.07.

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NEFF has been the topic of several recent analyst reports. ValuEngine downgraded Neff Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Jefferies Group LLC restated a “neutral” rating on shares of Neff Corp in a report on Thursday, August 3rd. Four equities 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 a consensus target price of $20.20.

Neff Corp 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.

Institutional Ownership by Quarter for Neff Corp (NYSE:NEFF)

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