NorthCoast Asset Management LLC purchased a new position in Neff Corporation (NYSE:NEFF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 24,931 shares of the industrial products company’s stock, valued at approximately $474,000. NorthCoast Asset Management LLC owned approximately 0.28% of Neff Corporation as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Martingale Asset Management L P lifted its stake in shares of Neff Corporation by 69.9% in the second quarter. Martingale Asset Management L P now owns 68,837 shares of the industrial products company’s stock worth $1,308,000 after acquiring an additional 28,314 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Neff Corporation during the second quarter valued at approximately $1,160,000. JPMorgan Chase & Co. raised its stake in Neff Corporation by 1,270.8% during the second quarter. JPMorgan Chase & Co. now owns 80,875 shares of the industrial products company’s stock valued at $1,537,000 after buying an additional 74,975 shares in the last quarter. Swiss National Bank acquired a new stake in Neff Corporation during the second quarter valued at approximately $268,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Neff Corporation by 47.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,553 shares of the industrial products company’s stock valued at $543,000 after buying an additional 9,190 shares in the last quarter. Institutional investors and hedge funds own 91.02% of the company’s stock.

Shares of Neff Corporation (NYSE:NEFF) opened at 24.95 on Tuesday. Neff Corporation has a 52 week low of $8.50 and a 52 week high of $26.45. The firm has a market cap of $221.86 million, a PE ratio of 17.89 and a beta of 3.38. The firm’s 50-day moving average price is $23.28 and its 200 day moving average price is $19.29.

Neff Corporation (NYSE:NEFF) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.16. Neff Corporation had a net margin of 3.26% and a negative return on equity of 9.21%. The company had revenue of $104.10 million during the quarter, compared to the consensus estimate of $104.35 million. During the same quarter in the previous year, the business posted $0.31 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts anticipate that Neff Corporation will post $1.71 EPS for the current year.

Several analysts have issued reports on the company. Wells Fargo & Company restated a “market perform” rating and set a $18.00 price objective (up previously from $8.50) on shares of Neff Corporation in a research note on Tuesday, June 6th. ValuEngine cut Neff Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research cut Neff Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Jefferies Group LLC restated a “neutral” rating on shares of Neff Corporation in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.17.

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About Neff Corporation

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

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