EquipmentShare.com (NASDAQ:EQPT) Stock: Insider Jabbok Schlacks Buys 16,212 Shares

Key Points

• CEO Jabbok Schlacks bought 16,212 EquipmentShare shares at an average $15.42 each, spending about $250,000. His stake rose 12.97% to 141,212 shares.
• EquipmentShare reported quarterly EPS of $0.16, beating the $0.02 analyst consensus, on revenue of $1.47 billion. The board has also authorized a $500 million share-repurchase plan.
• Shares traded at $15.43, while analysts’ consensus rating was “Hold” and their average price target was $29.78.

EquipmentShare.com Inc (NASDAQ:EQPT - Get Free Report) CEO Jabbok Schlacks acquired 16,212 shares of the company's stock in a transaction dated Wednesday, November 11th. The shares were acquired at an average cost of $15.42 per share, with a total value of $249,989.04. Following the completion of the purchase, the chief executive officer owned 141,212 shares in the company, valued at approximately $2,177,489.04. This represents a 12.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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, with a total value of $406,704.00.
• On Monday, September 14th, Jabbok Schlacks bought 2,100 shares of EquipmentShare.com stock. The stock was bought at an average cost of $18.00 per share, for a total transaction of $37,800.00.
• On Wednesday, September 2nd, Jabbok Schlacks bought 10,000 shares of EquipmentShare.com stock. The stock was bought at an average cost of $17.69 per share, for a total transaction of $176,900.00.
• On Tuesday, September 1st, Jabbok Schlacks bought 15,000 shares of EquipmentShare.com stock. The shares were 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 bought at an average price of $17.46 per share, for a total transaction of $270,630.00.
• On Friday, August 28th, Jabbok Schlacks purchased 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 Price Performance

Shares of NASDAQ EQPT traded down $0.56 during trading on Thursday, reaching $15.43. The company had a trading volume of 3,097,648 shares, compared to its average volume of 2,587,905. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 3.16. EquipmentShare.com Inc has a twelve month low of $12.41 and a twelve month high of $35.50. The stock has a 50-day moving average price of $16.80 and a two-hundred day moving average price of $20.92. The stock has a market capitalization of $3.91 billion and a PE ratio of 118.70.

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, beating analysts' consensus estimates of $0.02 by $0.14. The business had revenue of $1.47 billion for the quarter. EquipmentShare.com had a return on equity of 16.97% and a net margin of 1.37%. As a group, sell-side analysts predict that EquipmentShare.com Inc will post 0.45 earnings per share for the current year.

EquipmentShare.com declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, July 22nd that permits the company to repurchase $500 million in outstanding shares. This repurchase authorization permits the company to purchase up to 11.3% of its stock through open market purchases. Share repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On EquipmentShare.com

Several institutional investors have recently added to or reduced their stakes in EQPT. Parallel Advisors LLC lifted its position in EquipmentShare.com by 23,621.2% during the third quarter. Parallel Advisors LLC now owns 7,828 shares of the company's stock worth $136,000 after buying an additional 7,795 shares during the period. State of Alaska Department of Revenue acquired a new position in EquipmentShare.com during the third quarter valued at approximately $157,000. Arizona State Retirement System purchased a new stake in EquipmentShare.com during the second quarter worth approximately $205,000. Fulcrum Asset Management LLP purchased a new stake in EquipmentShare.com during the third quarter worth approximately $247,000. Finally, Chico Wealth RIA acquired a new stake in shares of EquipmentShare.com in the second quarter worth $322,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EQPT shares. Robert W. Baird decreased their price target on shares of EquipmentShare.com from $35.00 to $28.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 20th. Weiss Ratings lowered shares of EquipmentShare.com from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, September 25th. Citigroup reduced their price objective on shares of EquipmentShare.com from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 20th. UBS Group reduced their price objective on shares of EquipmentShare.com from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Thursday, August 20th. Finally, Truist Financial decreased their target price on shares of EquipmentShare.com from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $29.78.

About EquipmentShare.com

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.

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