Wellington Management Group LLP acquired a new position in shares of EquipmentShare.com Inc (NASDAQ:EQPT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,556,779 shares of the company's stock, valued at approximately $168,226,000. Wellington Management Group LLP owned 3.39% of EquipmentShare.com at the end of the most recent quarter.
Separately, Bank of New York Mellon Corp acquired a new position in shares of EquipmentShare.com in the second quarter worth about $326,000.
EquipmentShare.com Trading Down 0.6%
EquipmentShare.com stock opened at $17.61 on Tuesday. EquipmentShare.com Inc has a 12 month low of $15.71 and a 12 month high of $35.50. The company has a quick ratio of 1.91, a current ratio of 2.42 and a debt-to-equity ratio of 3.16. The stock has a market cap of $4.46 billion and a P/E ratio of 56.81. The company's fifty day simple moving average is $19.03 and its 200-day simple moving average is $22.09.
EquipmentShare.com (NASDAQ:EQPT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.28. The firm had revenue of $1.45 billion for the quarter. As a group, sell-side analysts forecast that EquipmentShare.com Inc will post 0.44 EPS for the current fiscal year.
EquipmentShare.com announced that its Board of Directors has initiated a share buyback program on Friday, July 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 12.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.
Analyst Ratings Changes
EQPT has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of EquipmentShare.com from $32.00 to $25.00 and set an "overweight" rating on the stock in a report on Tuesday, July 14th. Weiss Ratings raised shares of EquipmentShare.com from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, August 14th. UBS Group reduced their target price on EquipmentShare.com from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, August 20th. Citigroup raised their target price on EquipmentShare.com from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Monday, August 17th. Finally, BNP Paribas Exane assumed coverage on EquipmentShare.com in a research report on Monday, June 29th. They set a "neutral" rating and a $22.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, EquipmentShare.com presently has a consensus rating of "Hold" and an average target price of $34.78.
Check Out Our Latest Report on EQPT
Insider Transactions at EquipmentShare.com
In other EquipmentShare.com news, CEO Jabbok Schlacks bought 50,000 shares of the firm's stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $21.12 per share, with a total value of $1,056,000.00. Following the completion of the transaction, the chief executive officer directly owned 50,000 shares of the company's stock, valued at approximately $1,056,000. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Schlacks purchased 2,000 shares of the company's stock in a transaction dated Friday, August 21st. The shares were acquired at an average price of $18.64 per share, for a total transaction of $37,280.00. Following the purchase, the insider owned 60,950 shares in the company, valued at $1,136,108. The trade was a 3.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 60,950 shares of company stock valued at $1,276,172 and sold 2,201,032 shares valued at $45,393,501. Company insiders own 32.81% of the company's stock.
Trending Headlines about EquipmentShare.com
Here are the key news stories impacting EquipmentShare.com this week:
- Positive Sentiment: No new operating, financial, or business developments were reported in the articles that would provide a clear near-term catalyst for the stock.
- Neutral Sentiment: Several investor-rights firms reminded shareholders who bought EquipmentShare stock in or traceable to the January 2026 IPO, or during the stated January–June 2026 class period, that September 21, 2026 is the deadline to seek appointment as lead plaintiff. The notices generally state that eligible investors may participate through contingency-fee arrangements. Rosen deadline notice Kahn Swick & Foti notice
- Negative Sentiment: The repeated legal alerts amplify litigation and governance concerns surrounding EquipmentShare.com Inc. The allegations reportedly focus on potential violations of federal securities laws, including claims that IPO-related disclosures failed to reveal material information, such as alleged undisclosed related-party transactions. The notices reference a subsequent market correction following a June 2026 report, potentially increasing uncertainty over the company’s disclosures, liabilities, and reputation. The announcements are promotional law-firm solicitations and do not establish that the allegations are true, but their volume is likely weighing on investor sentiment. Levi & Korsinsky notice Rosen investor alert Berger Montague notice
EquipmentShare.com Company Profile
(
Free Report)
EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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