Neff Corporation (NEFF) Position Increased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in shares of Neff Corporation (NYSE:NEFF) by 42.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,826 shares of the industrial products company’s stock after buying an additional 36,030 shares during the period. Dimensional Fund Advisors LP owned approximately 1.37% of Neff Corporation worth $2,370,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in Neff Corporation by 9.8% in the fourth quarter. State Street Corp now owns 141,751 shares of the industrial products company’s stock worth $1,999,000 after buying an additional 12,671 shares during the last quarter. Bank of Montreal Can bought a new position in Neff Corporation during the first quarter worth approximately $176,000. Hillsdale Investment Management Inc. bought a new position in Neff Corporation during the first quarter worth approximately $760,000. American International Group Inc. boosted its position in Neff Corporation 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 last quarter. Finally, Acadian Asset Management LLC boosted its position in Neff Corporation by 211.6% in the first quarter. Acadian Asset Management LLC now owns 67,236 shares of the industrial products company’s stock worth $1,310,000 after buying an additional 45,656 shares during the last quarter. 91.02% of the stock is currently owned by institutional investors.
Shares of Neff Corporation (NYSE NEFF) traded up 0.20% during mid-day trading on Friday, hitting $25.00. 195,555 shares of the stock traded hands. The company has a market cap of $222.30 million, a P/E ratio of 17.92 and a beta of 3.36. The stock has a 50 day moving average price of $22.70 and a 200-day moving average price of $18.97. Neff Corporation has a one year low of $8.50 and a one year high of $26.45.
Neff Corporation (NYSE:NEFF) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.52 by $0.16. The business had revenue of $104.10 million during the quarter, compared to analysts’ expectations of $104.35 million. Neff Corporation had a net margin of 3.26% and a negative return on equity of 9.21%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. On average, analysts forecast that Neff Corporation will post $1.71 earnings per share for the current fiscal year.
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A number of research analysts have commented on NEFF shares. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $18.00 target price (up previously from $8.50) on shares of Neff Corporation in a research report on Tuesday, June 6th. ValuEngine raised shares of Neff Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “neutral” rating on shares of Neff Corporation in a research report on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Neff Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price 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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