LSV Asset Management Has $533,000 Holdings in Neff Corporation (NEFF)
LSV Asset Management maintained its stake in shares of Neff Corporation (NYSE:NEFF) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,100 shares of the industrial products company’s stock at the close of the second quarter. LSV Asset Management owned about 0.32% of Neff Corporation worth $533,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of NEFF. Bank of Montreal Can bought a new position in Neff Corporation during the 1st quarter valued at $176,000. Nationwide Fund Advisors lifted its stake in Neff Corporation by 38.6% during the 1st quarter. Nationwide Fund Advisors now owns 8,678 shares of the industrial products company’s stock valued at $169,000 after acquiring an additional 2,416 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Neff Corporation by 55.5% during the 1st quarter. Russell Investments Group Ltd. now owns 5,968 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 2,129 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Neff Corporation by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 44,072 shares of the industrial products company’s stock valued at $858,000 after acquiring an additional 1,719 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in Neff Corporation during the 1st quarter valued at $570,000. Institutional investors and hedge funds own 91.02% of the company’s stock.
Several brokerages have weighed in on NEFF. Jefferies Group LLC restated a “neutral” rating on shares of Neff Corporation in a research note on Thursday, August 3rd. Zacks Investment Research cut Neff Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. ValuEngine cut Neff Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $18.00 price objective (up from $8.50) on shares of Neff Corporation in a research note on Tuesday, June 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Neff Corporation currently has a consensus rating of “Hold” and an average target price of $20.17.
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Neff Corporation (NYSE:NEFF) opened at 24.95 on Friday. The firm’s 50-day moving average price is $24.01 and its 200 day moving average price is $19.73. 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 $221.86 million, a PE ratio of 17.89 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 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.16). Neff Corporation had a negative return on equity of 9.21% and a net margin of 3.26%. The company had revenue of $104.10 million during the quarter, compared to analysts’ expectations of $104.35 million. During the same period in the prior year, the company posted $0.31 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Neff Corporation will post $1.71 earnings per share for the current fiscal year.
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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