Bank of New York Mellon Corp Purchases 12,855 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Bank of New York Mellon Corp increased its position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 12.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,341 shares of the company’s stock after acquiring an additional 12,855 shares during the period. Bank of New York Mellon Corp owned about 0.21% of Concrete Pumping worth $675,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BBCP. Swiss National Bank bought a new stake in Concrete Pumping during the fourth quarter valued at about $398,000. Private Advisor Group LLC bought a new position in shares of Concrete Pumping during the 4th quarter valued at approximately $101,000. Janney Montgomery Scott LLC increased its holdings in Concrete Pumping by 15.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 55,041 shares of the company’s stock worth $451,000 after acquiring an additional 7,520 shares in the last quarter. Trexquant Investment LP bought a new stake in Concrete Pumping during the 4th quarter worth approximately $151,000. Finally, Aristides Capital LLC lifted its holdings in Concrete Pumping by 12.7% during the fourth quarter. Aristides Capital LLC now owns 53,845 shares of the company’s stock valued at $442,000 after purchasing an additional 6,077 shares in the last quarter. Hedge funds and other institutional investors own 34.20% of the company’s stock.

Concrete Pumping Stock Down 1.7 %

NASDAQ:BBCP opened at $5.94 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.19. Concrete Pumping Holdings, Inc. has a twelve month low of $5.05 and a twelve month high of $9.15. The company has a market cap of $321.47 million, a PE ratio of 19.16 and a beta of 1.11. The company’s 50 day moving average is $6.17 and its two-hundred day moving average is $6.69.

Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). Concrete Pumping had a net margin of 3.72% and a return on equity of 6.17%. The firm had revenue of $109.62 million for the quarter, compared to analysts’ expectations of $126.10 million. During the same quarter in the previous year, the firm posted $0.17 EPS. Analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

BBCP has been the subject of several recent analyst reports. DA Davidson dropped their target price on shares of Concrete Pumping from $9.00 to $8.50 and set a “buy” rating for the company in a report on Thursday, September 5th. William Blair lowered Concrete Pumping from an “outperform” rating to a “market perform” rating in a research note on Friday, June 7th. Stifel Nicolaus decreased their target price on Concrete Pumping from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Robert W. Baird dropped their price target on Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, UBS Group cut shares of Concrete Pumping from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $10.50 to $6.25 in a research report on Friday, September 6th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.55.

Concrete Pumping Company Profile

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.