Lazard Asset Management LLC Acquires 5,440 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Lazard Asset Management LLC raised its holdings in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCPGet Rating) by 54.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,500 shares of the company’s stock after purchasing an additional 5,440 shares during the quarter. Lazard Asset Management LLC’s holdings in Concrete Pumping were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Simplex Trading LLC lifted its holdings in shares of Concrete Pumping by 371.0% in the 1st quarter. Simplex Trading LLC now owns 16,576 shares of the company’s stock worth $111,000 after acquiring an additional 13,057 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Concrete Pumping by 7.1% in the 1st quarter. Royce & Associates LP now owns 1,701,112 shares of the company’s stock worth $11,397,000 after acquiring an additional 112,200 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Concrete Pumping by 7.2% in the 1st quarter. Jennison Associates LLC now owns 1,699,577 shares of the company’s stock worth $11,387,000 after acquiring an additional 114,876 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in shares of Concrete Pumping by 84.4% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,462,319 shares of the company’s stock worth $9,798,000 after acquiring an additional 669,223 shares during the last quarter. Finally, AltraVue Capital LLC lifted its holdings in shares of Concrete Pumping by 0.4% in the 1st quarter. AltraVue Capital LLC now owns 2,130,566 shares of the company’s stock worth $14,275,000 after acquiring an additional 7,610 shares during the last quarter. Institutional investors own 35.60% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Concrete Pumping from a “c” rating to a “b-” rating in a report on Friday, September 9th.

Concrete Pumping Trading Down 2.3 %

BBCP stock opened at $7.28 on Thursday. The company has a market capitalization of $412.05 million, a PE ratio of 18.20 and a beta of 0.88. Concrete Pumping Holdings, Inc. has a 12 month low of $4.64 and a 12 month high of $8.94. The firm’s 50-day moving average is $6.76 and its 200 day moving average is $6.38. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.01 and a quick ratio of 0.94.

Concrete Pumping (NASDAQ:BBCPGet Rating) last posted its quarterly earnings results on Thursday, September 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $104.47 million for the quarter, compared to the consensus estimate of $94.97 million. Concrete Pumping had a net margin of 6.59% and a return on equity of 7.03%. During the same quarter last year, the firm posted $0.07 EPS. On average, research analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.3 EPS for the current year.

Concrete Pumping Company Profile

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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 Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.

Further Reading

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Institutional Ownership by Quarter for Concrete Pumping (NASDAQ:BBCP)

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