Numeric Investors LLC boosted its holdings in shares of Neff Corp (NYSE:NEFF) by 57.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,625 shares of the industrial products company’s stock after acquiring an additional 29,058 shares during the period. Numeric Investors LLC owned approximately 0.90% of Neff Corp worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of NEFF. Thrivent Financial For Lutherans bought a new position in Neff Corp during the second quarter worth about $3,826,000. ClariVest Asset Management LLC bought a new stake in shares of Neff Corp in the second quarter valued at about $2,758,000. Renaissance Technologies LLC lifted its holdings in shares of Neff Corp by 116.8% in the first quarter. Renaissance Technologies LLC now owns 218,300 shares of the industrial products company’s stock valued at $4,246,000 after purchasing an additional 117,600 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of Neff Corp in the second quarter valued at about $2,172,000. Finally, Mckinley Capital Management LLC Delaware bought a new stake in shares of Neff Corp in the second quarter valued at about $1,960,000. Hedge funds and other institutional investors own 33.94% of the company’s stock.
Neff Corp (NYSE:NEFF) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.16). The firm had revenue of $104.10 million for the quarter, compared to analysts’ expectations of $104.35 million. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS.
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NEFF has been the topic of a number of research reports. ValuEngine lowered Neff Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research lowered Neff Corp from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Jefferies Group LLC restated a “neutral” rating on shares of Neff Corp in a report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target 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.
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