Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 39.1% in the 2nd quarter, Holdings Channel reports. The fund owned 31,567 shares of the company’s stock after buying an additional 8,866 shares during the period. Hsbc Holdings PLC’s holdings in Concrete Pumping were worth $195,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BBCP. Epoch Investment Partners Inc. bought a new position in Concrete Pumping in the 1st quarter worth about $3,439,000. Park Avenue Securities LLC grew its holdings in Concrete Pumping by 100.0% in the 2nd quarter. Park Avenue Securities LLC now owns 118,213 shares of the company’s stock worth $710,000 after buying an additional 59,107 shares in the last quarter. Empowered Funds LLC increased its position in Concrete Pumping by 8.2% in the 1st quarter. Empowered Funds LLC now owns 268,272 shares of the company’s stock valued at $2,119,000 after acquiring an additional 20,290 shares during the period. Janney Montgomery Scott LLC raised its stake in Concrete Pumping by 8.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 59,500 shares of the company’s stock valued at $470,000 after acquiring an additional 4,459 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Concrete Pumping by 12.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 112,341 shares of the company’s stock valued at $675,000 after acquiring an additional 12,855 shares in the last quarter. Institutional investors and hedge funds own 34.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird lowered their price target on Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, September 5th. UBS Group lowered shares of Concrete Pumping from a “buy” rating to a “neutral” rating and decreased their target price for the company from $10.50 to $6.25 in a research report on Friday, September 6th. Finally, DA Davidson dropped their price target on shares of Concrete Pumping from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.55.

Concrete Pumping Stock Up 3.3 %

NASDAQ BBCP opened at $5.69 on Friday. Concrete Pumping Holdings, Inc. has a 12 month low of $5.05 and a 12 month high of $9.05. The company has a market capitalization of $307.94 million, a P/E ratio of 18.35 and a beta of 1.11. The company’s 50 day simple moving average is $5.99 and its 200 day simple moving average is $6.55. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.54 and a quick ratio of 1.44.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.13 EPS 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 during the quarter, compared to analysts’ expectations of $126.10 million. During the same quarter last year, the company posted $0.17 EPS. Equities research analysts expect that Concrete Pumping Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

About Concrete Pumping

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.