Epoch Investment Partners Inc. Decreases Stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Epoch Investment Partners Inc. lessened its holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 82.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,961 shares of the company’s stock after selling 358,367 shares during the period. Epoch Investment Partners Inc. owned approximately 0.14% of Concrete Pumping worth $463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Concrete Pumping by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company’s stock valued at $9,322,000 after buying an additional 91,469 shares during the period. Park Avenue Securities LLC increased its stake in shares of Concrete Pumping by 100.0% during the 2nd quarter. Park Avenue Securities LLC now owns 118,213 shares of the company’s stock worth $710,000 after purchasing an additional 59,107 shares during the last quarter. Swiss National Bank purchased a new stake in shares of Concrete Pumping during the 4th quarter worth approximately $398,000. Aristides Capital LLC raised its holdings in shares of Concrete Pumping by 63.5% in the 1st quarter. Aristides Capital LLC now owns 88,052 shares of the company’s stock worth $696,000 after purchasing an additional 34,207 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Concrete Pumping in the first quarter valued at approximately $180,000. Hedge funds and other institutional investors own 34.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson decreased their target price on Concrete Pumping from $9.00 to $8.50 and set a “buy” rating for the company in a research report on Thursday, September 5th. William Blair lowered Concrete Pumping from an “outperform” rating to a “market perform” rating in a report on Friday, June 7th. Stifel Nicolaus dropped their price objective on shares of Concrete Pumping from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, June 7th. UBS Group downgraded shares of Concrete Pumping from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $10.50 to $6.25 in a research note on Friday, September 6th. Finally, Robert W. Baird dropped their price target on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.55.

Concrete Pumping Trading Down 1.2 %

Shares of BBCP opened at $5.85 on Wednesday. Concrete Pumping Holdings, Inc. has a twelve month low of $5.05 and a twelve month high of $9.15. The stock has a market cap of $316.60 million, a PE ratio of 18.87 and a beta of 1.11. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average price is $6.13 and its 200-day moving average price is $6.66.

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

Concrete Pumping 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.