Numeric Investors LLC lifted its holdings in Neff Corp (NYSE:NEFF) by 57.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,625 shares of the industrial products company’s stock after purchasing an additional 29,058 shares during the period. Numeric Investors LLC owned 0.90% of Neff Corp worth $1,513,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in NEFF. Nationwide Fund Advisors lifted its stake in shares of Neff Corp by 38.6% in the 1st quarter. Nationwide Fund Advisors now owns 8,678 shares of the industrial products company’s stock valued at $169,000 after purchasing an additional 2,416 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Neff Corp by 55.5% in the 1st quarter. Russell Investments Group Ltd. now owns 5,968 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 2,129 shares during the period. Bank of New York Mellon Corp raised its holdings in Neff Corp by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 44,072 shares of the industrial products company’s stock worth $858,000 after acquiring an additional 1,719 shares during the period. American International Group Inc. raised its holdings in Neff Corp by 7.1% in the 1st quarter. American International Group Inc. now owns 5,861 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 389 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in Neff Corp in the 1st quarter worth $219,000. 33.94% of the stock is owned by institutional investors and hedge funds.
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Neff Corp (NYSE:NEFF) last announced its quarterly 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). The business had revenue of $104.10 million for the quarter, compared to analysts’ expectations of $104.35 million. Neff Corp’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS.
Several research analysts recently commented on the stock. Jefferies Group LLC reiterated a “neutral” rating on shares of Neff Corp in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Neff Corp from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, ValuEngine downgraded shares of Neff Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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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