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

EquipmentShare.com Inc (NASDAQ:EQPT) CEO Jabbok Schlacks purchased 16,212 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 141,212 shares in the company, valued at $2,177,489.04. This trade represents a 12.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jabbok Schlacks also recently made the following trade(s):

• On Tuesday, September 15th, Jabbok Schlacks acquired 22,900 shares of EquipmentShare.com stock. The stock was bought at an average cost of $17.76 per share, for a total transaction of $406,704.00.
• On Monday, September 14th, Jabbok Schlacks acquired 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 acquired 10,000 shares of EquipmentShare.com stock. The shares were bought at an average price 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 stock was bought at an average cost of $17.03 per share, with a total value of $255,450.00.
• On Monday, August 31st, Jabbok Schlacks bought 15,500 shares of EquipmentShare.com stock. The stock was bought at an average cost of $17.46 per share, with a total value of $270,630.00.
• On Friday, August 28th, Jabbok Schlacks bought 9,500 shares of EquipmentShare.com stock. The stock was bought at an average price of $17.87 per share, with a total value of $169,765.00.

EquipmentShare.com Stock Down 3.5%

Shares of NASDAQ:EQPT traded down $0.56 during mid-day trading on Thursday, hitting $15.43. 3,097,648 shares of the company traded hands, compared to its average volume of 2,587,905. The firm has a market cap of $3.91 billion and a P/E ratio of 118.70. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.91 and a current ratio of 2.42. EquipmentShare.com Inc has a 52-week low of $12.41 and a 52-week high of $35.50. The firm’s 50 day simple moving average is $16.80 and its 200 day simple moving average is $20.92.

EquipmentShare.com (NASDAQ:EQPT) last released its quarterly earnings results on Monday, November 9th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.02 by $0.14. The firm 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%. On average, equities analysts anticipate that EquipmentShare.com Inc will post 0.45 EPS for the current year.

EquipmentShare.com announced that its Board of Directors has initiated a stock buyback plan on Wednesday, July 22nd that permits the company to repurchase $500 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 11.3% of its shares through open market purchases. Share repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of EquipmentShare.com by 23,621.2% in the third quarter. Parallel Advisors LLC now owns 7,828 shares of the company’s stock worth $136,000 after acquiring an additional 7,795 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in EquipmentShare.com during the 3rd quarter valued at approximately $157,000. Arizona State Retirement System acquired a new stake in EquipmentShare.com during the 2nd quarter valued at approximately $205,000. Fulcrum Asset Management LLP acquired a new stake in EquipmentShare.com during the 3rd quarter valued at approximately $247,000. Finally, Chico Wealth RIA purchased a new stake in EquipmentShare.com during the 2nd quarter worth approximately $322,000.

Wall Street Analyst Weigh In

EQPT has been the topic of a number of analyst reports. Robert W. Baird dropped their price objective 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. Citigroup decreased their target price on shares of EquipmentShare.com from $17.00 to $16.00 and set a “neutral” rating for the company 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 report on Friday, September 25th. Truist Financial lowered their price target on shares of EquipmentShare.com from $35.00 to $31.00 and set a “buy” rating for the company in a report on Monday, October 5th. Finally, UBS Group dropped their price target 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. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to 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.