Bank of New York Mellon Corp cut its position in Neff Corp (NYSE:NEFF) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,534 shares of the industrial products company’s stock after selling 4,538 shares during the period. Bank of New York Mellon Corp owned 0.44% of Neff Corp worth $752,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Neff Corp by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 387,886 shares of the industrial products company’s stock worth $7,545,000 after purchasing an additional 27,630 shares during the period. Renaissance Technologies LLC grew its position in Neff Corp by 116.8% in the first quarter. Renaissance Technologies LLC now owns 218,300 shares of the industrial products company’s stock worth $4,246,000 after acquiring an additional 117,600 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in Neff Corp in the second quarter worth $2,758,000. Dimensional Fund Advisors LP grew its position in Neff Corp by 42.0% in the first quarter. Dimensional Fund Advisors LP now owns 121,826 shares of the industrial products company’s stock worth $2,370,000 after acquiring an additional 36,030 shares in the last quarter. Finally, Morgan Stanley grew its position in Neff Corp by 1.8% in the first quarter. Morgan Stanley now owns 106,192 shares of the industrial products company’s stock worth $2,065,000 after acquiring an additional 1,895 shares in the last quarter. Institutional investors own 33.94% of the company’s stock.
Several analysts have issued reports on the stock. ValuEngine lowered shares of Neff Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a “neutral” rating on shares of Neff Corp in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.20.
Shares of Neff Corp (NYSE NEFF) remained flat at $$25.00 during midday trading on Friday. 131,500 shares of the company’s stock were exchanged, compared to its average volume of 173,742. Neff Corp has a 52 week low of $8.50 and a 52 week high of $26.45. The company has a quick ratio of 1.27, a current ratio of 1.31 and a debt-to-equity ratio of -6.07.
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Neff Corp 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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