Key Points
- Director W. Bryan Hill bought 40,000 shares at an average $13.85 each, investing $554,000 and increasing his stake by 94.23% to 82,451 shares.
- EquipmentShare reported quarterly EPS of $0.16, beating the $0.02 consensus, on revenue of $1.47 billion.
- The company has authorized a $500 million share buyback, while analysts’ consensus rating remains “Hold” with a $29.78 price target.
EquipmentShare.com Inc (NASDAQ:EQPT - Get Free Report) CEO Jabbok Schlacks acquired 16,212 shares of the business's stock in a transaction on Wednesday, November 11th. The stock was acquired at an average cost of $15.42 per share, with a total value of $249,989.04. Following the acquisition, the chief executive officer directly owned 141,212 shares in the company, valued at approximately $2,177,489.04. This trade represents a 12.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Jabbok Schlacks also recently made the following trade(s):
- On Tuesday, September 15th, Jabbok Schlacks acquired 22,900 shares of EquipmentShare.com stock. The shares were bought at an average price of $17.76 per share, for a total transaction of $406,704.00.
- On Monday, September 14th, Jabbok Schlacks bought 2,100 shares of EquipmentShare.com stock. The stock was purchased at an average price 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 shares were acquired at an average price of $17.69 per share, with a total value of $176,900.00.
- On Tuesday, September 1st, Jabbok Schlacks bought 15,000 shares of EquipmentShare.com stock. The stock was bought at an average price of $17.03 per share, for a total transaction of $255,450.00.
- On Monday, August 31st, Jabbok Schlacks bought 15,500 shares of EquipmentShare.com stock. The shares were acquired at an average cost 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 bought at an average cost of $17.87 per share, with a total value of $169,765.00.
EquipmentShare.com Trading Down 3.5%
NASDAQ EQPT opened at $15.43 on Friday. The business's 50-day moving average price is $16.80 and its two-hundred day moving average price is $20.92. EquipmentShare.com Inc has a 12 month low of $12.41 and a 12 month high of $35.50. The firm has a market capitalization of $3.91 billion and a PE ratio of 34.02. The company has a current ratio of 2.45, a quick ratio of 1.91 and a debt-to-equity ratio of 3.56.
EquipmentShare.com (NASDAQ:EQPT - Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates 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. On average, analysts expect that EquipmentShare.com Inc will post 0.49 EPS for the current year.
EquipmentShare.com announced that its board has authorized a share repurchase plan on Wednesday, July 22nd that permits the company to repurchase $500 million in outstanding shares. This buyback authorization permits the company to repurchase up to 11.3% of its stock through open market purchases. Share buyback plans are generally an indication that the company's management believes its shares are undervalued.
Institutional Investors Weigh In On EquipmentShare.com
A number of hedge funds have recently added to or reduced their stakes in EQPT. Hexagon Capital Partners LLC bought a new stake in shares of EquipmentShare.com during the third quarter valued at approximately $312,000. State Street Corp raised its position in shares of EquipmentShare.com by 80.1% during the third quarter. State Street Corp now owns 702,243 shares of the company's stock worth $12,198,000 after purchasing an additional 312,313 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of EquipmentShare.com by 318.2% during the third 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 during the period. Optas LLC acquired a new position in shares of EquipmentShare.com during the third quarter worth approximately $402,000. Finally, Fulcrum Asset Management LLP bought a new position in shares of EquipmentShare.com in the 3rd quarter worth $247,000.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on EQPT. Citigroup dropped their target price on shares of EquipmentShare.com from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, October 20th. Robert W. Baird lowered their price objective on EquipmentShare.com from $35.00 to $28.00 and set an "outperform" rating for the company in a research report on Tuesday, October 20th. UBS Group dropped their price objective on EquipmentShare.com from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Thursday, August 20th. Weiss Ratings downgraded EquipmentShare.com from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, September 25th. Finally, Wells Fargo & Company cut their target price on EquipmentShare.com from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $29.78.
View Our Latest Stock Analysis on EquipmentShare.com
EquipmentShare.com Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
