Latest Stocks: Bank of Montreal Can Takes Position in Neff Corp (NEFF)

Latest Stocks: Bank of Montreal Can Takes Position in Neff Corp (NEFF)

Bank of Montreal Can purchased a new position in shares of Neff Corp (NYSE:NEFF) during the first quarter, Holdings Channel reports. The firm purchased 9,078 shares of the industrial products company’s stock, valued at approximately $176,000.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its position in shares of Neff Corp by 9.8% in the fourth quarter. State Street Corp now owns 141,751 shares of the industrial products company’s stock worth $1,999,000 after buying an additional 12,671 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Neff Corp by 39.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 85,796 shares of the industrial products company’s stock worth $1,210,000 after buying an additional 24,221 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Neff Corp during the fourth quarter worth about $152,000. Renaissance Technologies LLC raised its position in shares of Neff Corp by 432.8% in the fourth quarter. Renaissance Technologies LLC now owns 100,700 shares of the industrial products company’s stock worth $1,420,000 after buying an additional 81,800 shares during the last quarter. Finally, Numeric Investors LLC raised its position in shares of Neff Corp by 171.1% in the fourth quarter. Numeric Investors LLC now owns 64,478 shares of the industrial products company’s stock worth $909,000 after buying an additional 40,693 shares during the last quarter. 79.92% of the stock is owned by hedge funds and other institutional investors.

Shares of Neff Corp (NYSE NEFF) opened at 17.00 on Tuesday. The stock’s 50 day moving average price is $18.29 and its 200 day moving average price is $16.20. Neff Corp has a 1-year low of $8.05 and a 1-year high of $21.25. The company has a market capitalization of $150.67 million, a price-to-earnings ratio of 12.83 and a beta of 3.65.

Neff Corp (NYSE:NEFF) last issued its earnings results on Tuesday, April 25th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.03. The firm had revenue of $95.90 million for the quarter, compared to the consensus estimate of $93.16 million. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. Analysts expect that Neff Corp will post $1.67 EPS for the current year.

NEFF has been the subject of a number of research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $14.00 price target on shares of Neff Corp in a research note on Friday, March 3rd. Bank of America Corp raised Neff Corp from an “underperform” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, March 15th. Piper Jaffray Companies raised their price objective on Neff Corp from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 22nd. Morgan Stanley raised their price objective on Neff Corp from $16.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Finally, ValuEngine raised Neff Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $18.80.

Want to see what other hedge funds are holding NEFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Neff Corp (NYSE:NEFF).

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