EquipmentShare.com (NASDAQ:EQPT) CEO Purchases $249,989.04 in Stock

EquipmentShare.com Inc (NASDAQ:EQPT) CEO Jabbok Schlacks bought 16,212 shares of the business’s stock in a transaction on Wednesday, November 11th. The stock was bought at an average price of $15.42 per share, for a total transaction of $249,989.04. Following the completion of the purchase, the chief executive officer directly owned 141,212 shares of the company’s stock, valued at $2,177,489.04. The trade was a 12.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jabbok Schlacks also recently made the following trade(s):

• On Tuesday, September 15th, Jabbok Schlacks purchased 22,900 shares of EquipmentShare.com stock. The shares were acquired at an average price of $17.76 per share, with a total value of $406,704.00.
• On Monday, September 14th, Jabbok Schlacks purchased 2,100 shares of EquipmentShare.com stock. The stock was bought at an average cost of $18.00 per share, with a total value of $37,800.00.
• On Wednesday, September 2nd, Jabbok Schlacks acquired 10,000 shares of EquipmentShare.com stock. The stock was bought at an average price of $17.69 per share, with a total value of $176,900.00.
• On Tuesday, September 1st, Jabbok Schlacks acquired 15,000 shares of EquipmentShare.com stock. The stock was bought at an average price of $17.03 per share, with a total value of $255,450.00.
• On Monday, August 31st, Jabbok Schlacks acquired 15,500 shares of EquipmentShare.com stock. The shares were bought at an average price of $17.46 per share, for a total transaction of $270,630.00.
• On Friday, August 28th, Jabbok Schlacks bought 9,500 shares of EquipmentShare.com stock. The shares were purchased at an average cost of $17.87 per share, for a total transaction of $169,765.00.

EquipmentShare.com Price Performance

EQPT traded down $0.01 during trading on Friday, reaching $15.42. The stock had a trading volume of 2,271,846 shares, compared to its average volume of 3,462,636. The firm has a market capitalization of $3.91 billion and a price-to-earnings ratio of 118.62. The company has a quick ratio of 1.91, a current ratio of 2.45 and a debt-to-equity ratio of 3.56. EquipmentShare.com Inc has a 1-year low of $12.41 and a 1-year high of $35.50. The stock has a 50 day moving average of $16.75 and a two-hundred day moving average of $20.89.

EquipmentShare.com (NASDAQ:EQPT) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.14. EquipmentShare.com had a return on equity of 15.10% and a net margin of 1.37%. The company had revenue of $1.47 billion for the quarter. As a group, equities analysts anticipate that EquipmentShare.com Inc will post 0.60 EPS for the current fiscal year.

EquipmentShare.com announced that its Board of Directors has authorized a stock buyback plan on Wednesday, July 22nd that permits the company to repurchase $500 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 11.3% of its shares through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Robert W. Baird lowered their target price on EquipmentShare.com from $35.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, October 20th. UBS Group reduced their price objective on shares of EquipmentShare.com from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, August 20th. Wells Fargo & Company reduced their price objective on shares of EquipmentShare.com from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday. Truist Financial lowered their price objective on shares of EquipmentShare.com from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Citigroup boosted their target price on shares of EquipmentShare.com from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, EquipmentShare.com currently has a consensus rating of “Hold” and a consensus target price of $29.89.

Institutional Investors Weigh In On EquipmentShare.com

Several large investors have recently modified their holdings of EQPT. Wellington Management Group LLP purchased a new stake in shares of EquipmentShare.com during the second quarter valued at $168,226,000. State Street Corp boosted its position in shares of EquipmentShare.com by 80.1% in the 3rd quarter. State Street Corp now owns 702,243 shares of the company’s stock valued at $12,198,000 after purchasing an additional 312,313 shares during the period. Hill City Capital LP acquired a new position in shares of EquipmentShare.com in the 3rd quarter valued at $4,386,000. Waverly Advisors LLC acquired a new position in shares of EquipmentShare.com in the 2nd quarter valued at $2,387,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in EquipmentShare.com by 318.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 83,049 shares of the company’s stock worth $1,443,000 after purchasing an additional 63,191 shares in the last quarter.

EquipmentShare.com Company Profile

EquipmentShare.com is a construction equipment rental and technology company serving contractors and other customers in the United States. Its offerings include heavy equipment, tools, aerial equipment and other machinery, along with equipment sales, parts and maintenance services. The company also provides T3, a technology platform designed to help customers manage equipment, track assets and coordinate construction operations. By combining rentals with fleet and jobsite management tools, EquipmentShare aims to support customers’ equipment needs both on and off the jobsite.