reports
Moody's Ratings says Herc acquisition of H&E is credit negative
Moody's Ratings (Moody's) said Herc Holdings Inc.'s (Herc, NYSE: HRI), announcement that it has reached a definitive agreement to acquire H&E Equipment Services, Inc. (H&E, NASDAQ: HEES) in a 75% cash and 25% equity funded transaction is credit negative. However, Herc's Ba2 corporate family rating a...
Herc Holdings Inc: 1 director
A director at Herc Holdings Inc sold 45,816 shares at 237.411USD and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
- Dave Nicoski
- Ross LaDuke
Vital Signs: Actionable charts
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
PLAY DAVE & BUSTER'S ENTERTAINMENT INC.
LINC LINCOLN EDUCATIONAL SERVICES
COMM COMMSCOPE HOLDING CO. INC.
EVR EVERCORE INC CLASS A
CW CURTISS-WRIGHT CORPORATION
HRI HERC HOLDINGS INC.
LBRDA LIBERTY BROADBAND CORP. CLASS A
UNFI UNITED NATURAL FOODS INC.
PAR PAR TECHNOLOGY CORP.
BKNG BOOKING HOLDINGS INC.
UPWK UPWORK
PAY PAYMENTUS HLDGS INC
2VZ LEONARDO DRS INC.
PJT MERRILL LYNCH DEPOSIT GEC-1 A 6.05%
GLXG GALAXY PAYROLL GROUP LTD
FWONK LIBERTY FORMULA ONE
Moody's Ratings announces completion of a periodic review of ratings o...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Herc Holdings Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 29 April 2024 in which Moody's reassessed the appropriateness of the ratings in the cont...
- Dave Nicoski
- Ross LaDuke
Vermilion Compass: Weekly Equity Strategy
Downgrading Real Estate to Underweight Our bullish outlook we initiated on November 7, 2023 remains intact; this intermediate-to-long-term outlook is likely to stay in place as long as 4800 support holds on the S&P 500 (implying 7-10% downside) and market dynamics remain healthy. To be clear, we are not calling for a pullback to 4800; we view it as a worst-case scenario for the S&P 500, and we simply want to be prepared for anything. Shorter-term, we remain bullish on the S&P 500 and Nasdaq 100...
EME EMCOR GROUP
URI UNITED RENTALS INC.
WLK WESTLAKE CHEMICAL CORPORATION
WLDN WILLDAN GROUP
TPC TUTOR PERINI CORPORATION
STRL STERLING CONSTRUCTION COMPANY INC.
PWR QUANTA SERVICES INC.
MTZ MASTEC INC.
MTRX MATRIX SERVICE COMPANY
GVA GRANITE CONSTRUCTION INCORPORATED
DY DYCOM INDUSTRIES INC.
BWXT BWX TECHNOLOGIES INC.
HRI HERC HOLDINGS INC.
KBR KBR INC.
MYRG MYR GROUP INC.
AGX ARGAN INC.
VVV VALVOLINE INC.
HEES H&E EQUIPMENT SERVICES INC.
ARCAY ARCADIS N.V.
ROAD CONSTRUCTION PARTNERS
IESC IES HOLDINGS INC.
ALTG ALTA EQUIP GROUP INC
J JACOBS SOLUTIONS INC.
PRIM PRIME ENERGY P.E. LTD
- David O'Brien
Spectacular H1 report leads to 4th upgrade this year
With Q3 to date performing ahead of expectations and two additional contracts secured, we raise FY22 and FY23 estimates for the fourth time YTD. Focusing expansionary capex on loadbanks and targeting sectors with exciting growth prospects (such as data centres and renewable energy) has proven extremely fruitful. Evidence of that success is visible in the dividend payout during H1, ahead of the total FY21 level. With two significant contracts secured early in Q3, new records within the manufac...
- David O'Brien
Growth momentum continues unabated
We have upgraded estimates (again) to reflect this, with rental markets particularly buoyant which should result in Crestchic delivering record profitability levels in FY22 with adj. EPS estimates now 37% higher. The purchase and the subsequent refurbishment of used equipment is enabling Crestchic to meet rising rental demand. Utilisation rates are at record levels and new project demand stretches into FY23. Combine that with price increases plus strong performance in all sectors, and you have...
- David O'Brien
Strong growth momentum continues
Today’s trading update ahead of the AGM is most encouraging. The decision to focus the strategy of the Group on power reliability, with accelerating growth within the datacentre and renewable energy markets, and recovery in marine and energy sectors, has clearly been vindicated. Only the Middle Eastern portion of the Tasman drilling tools business remains, with its disposal over the summer expected. The number of large projects increased y-o-y, driven by the datacentre and marine markets and a...
- David O'Brien
Further upgrades to forecasts and fair value
2021 was a hugely significant year for Northbridge. Profits rose to the highest level since FY14, achieved whilst amending strategy and a restructuring of the balance sheet. Continuing revenues hit new peaks, reflecting the continued buoyancy of the data centre and renewable energy markets. Furthermore, trading in Q1 of 2022 was ahead of budgeted levels due to record manufacturing order books and a robust rental pipeline. Demand for load banks continues to be driven by testing within the data ...
Northbridge Industrial Services: 1 director
A director at Northbridge Industrial Services bought 15,000 shares at 169p and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ...
- David O'Brien
Capital Markets Event maps out exciting future
Northbridge has set out its detailed plans for expanding the Crestchic business: investment in new rental hubs, widening the geographical and sector reach, focus on the fastest growing and non-cyclical sectors, the opening of the new factory, and growth in parts and service revenues. The investment required will be funded from their existing facility with limited debt on the balance sheet. We think the outlook looks very promising, as highlighted by the return of dividend payments for FY21.
- David O'Brien
Capital Markets Event maps out exciting future
Northbridge has set out its detailed plans for expanding the Crestchic business: • investment in new rental hubs, • widening the geographical and sector reach, • focus on the fastest growing/ non-cyclical sectors, the opening of the new factory, • and growth in parts and service revenues. All investment required will be funded from their existing facility with limited debt on the balance sheet. We think the outlook looks very promising, as highlighted by the return of dividend payments for FY...
- David O'Brien
A flurry of good news
The combined trading and strategic update from Northbridge reports progress across several areas. Trading for FY21 was in-line with upwardly revised profit expectations, cash flow remained healthy, and the new year has started positively. In addition, the Group has exchanged contracts to dispose of most of its Tasman division, with just its Middle Eastern operations remaining and related write-downs unchanged versus prior expectations. Trading in the year to December was strong, with revenues ...
- Dave Nicoski
- Ross LaDuke
MAN MANPOWERGROUP
PHM PULTEGROUP INC.
VNO VORNADO REALTY TRUST
RGA REINSURANCE GROUP OF AMERICA INCORPORATED
PFGC PERFORMANCE FOOD GROUP COMPANY
PCAR PACCAR INC
OFP OFG BANCORP
MTH MERITAGE HOMES CORPORATION
LTC LTC PROPERTIES INC.
LAND GLADSTONE LAND CORP.
KBH KB HOME
HBNC HORIZON BANCORP INC
GT GOODYEAR TIRE & RUBBER COMPANY
EVH EVOLENT HEALTH INC CLASS A
ECPG ENCORE CAPITAL GROUP INC.
CBZ CBIZ INC.
APTS PREFERRED APARTMENT COMMUNITIES INC.
NXRT NEXPOINT RESIDENTIAL TRUST INC.
HRI HERC HOLDINGS INC.
WHG WESTWOOD HOLDINGS GROUP INC.
SSP E. W. SCRIPPS COMPANY CLASS A
MDC M.D.C. HOLDINGS INC.
SBR SABINE ROYALTY TRUST UBI
HEES H&E EQUIPMENT SERVICES INC.
CRVL CORVEL CORP.
PW POWER REIT
BHR BRAEMAR HOTELS & RESORTS
HOV HOVNANIAN ENTERPRISES INC. CLASS A
PCB PCB BANCORP
SLG SL GREEN REALTY CORP.
PFHD PROFESSIONAL HOLDING
BGSF BGSF INC
CBGI CANNABUSINESS GROUP INC
- Paul Hill
Infrastructure & house building powering ahead
UK infrastructure is currently running at c. 40% above pre-pandemic levels (Source: ONS), driven by multi-year projects such as HS2, Hinkley Point & off-shore wind (re Transmission). These are all areas of expertise for specialist equipment rental, Vp. At the same time Vp has to content with the widespread material, labour & transport shortages, on top of surging input cost inflation. This is causing disruption for most operators, but as evidenced by today’s improvement in H1’22 EBIT margins ...
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