Wilen Investment Management Corp. Lowers stake in Neff Corp (NEFF)

Neff Corp (NEFF) : Wilen Investment Management Corp. reduced its stake in Neff Corp by 0.47% during the most recent quarter end. The investment management company now holds a total of 503,970 shares of Neff Corp which is valued at $4,772,596 after selling 2,400 shares in Neff Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Neff Corp makes up approximately 2.96% of Wilen Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , Dupont Capital Management Corp added NEFF to its portfolio by purchasing 40,928 company shares during the most recent quarter which is valued at $387,588. Neff Corp makes up approx 0.01% of Dupont Capital Management Corp’s portfolio.California State Teachers Retirement System reduced its stake in NEFF by selling 2,277 shares or 10.24% in the most recent quarter. The Hedge Fund company now holds 19,957 shares of NEFF which is valued at $188,993. Clarivest Asset Management added NEFF to its portfolio by purchasing 36,200 company shares during the most recent quarter which is valued at $353,674. Neff Corp makes up approx 0.01% of Clarivest Asset Management’s portfolio. Nordea Investment Management Ab added NEFF to its portfolio by purchasing 36,200 company shares during the most recent quarter which is valued at $352,588. Cutler Group Lp added NEFF to its portfolio by purchasing 1,827 company shares during the most recent quarter which is valued at $19,184.

Neff Corp closed down -0.15 points or -1.56% at $9.46 with 29,355 shares getting traded on Monday. Post opening the session at $9.54, the shares hit an intraday low of $9.32 and an intraday high of $9.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Neff Corp reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.36. The company had revenue of $99.70 million for the quarter, compared to analysts expectations of $99.02 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Neff Corporation is an equipment rental company. The Company’s operations are focused on the Sunbelt states. The Company offers an array of equipment rental solutions for its customer base including non-residential construction oil and gas and residential construction customers. The Company’s fleet of equipment includes earthmoving material handling aerial and other rental equipment. Its earthmoving equipment include consist of excavators backhoes loaders bulldozers mini-excavators trenchers sweepers and tractors track loaders and skid steers. Its material handling equipment includes reach forklifts industrial forklifts and straight-mast forklifts. Its aerial equipment includes personnel lifts electric scissor lifts dual fuel scissor lifts articulating boom lifts and straight boom lifts. Its other rental equipment includes compaction and concrete trucks and trailers sweepers air equipment generators welders lighting pumps and other small equipment and tools.

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