Ameriprise Financial Inc. Acquires 33,800 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Ameriprise Financial Inc. raised its position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 53.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,500 shares of the company’s stock after acquiring an additional 33,800 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.18% of Concrete Pumping worth $643,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BBCP. Jennison Associates LLC raised its position in shares of Concrete Pumping by 10.8% in the fourth quarter. Jennison Associates LLC now owns 1,722,754 shares of the company’s stock valued at $11,474,000 after purchasing an additional 167,262 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Concrete Pumping by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,698,941 shares of the company’s stock valued at $11,315,000 after purchasing an additional 56,048 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Concrete Pumping by 13.9% in the 4th quarter. Royce & Associates LP now owns 1,448,577 shares of the company’s stock valued at $9,648,000 after purchasing an additional 176,490 shares in the last quarter. Empowered Funds LLC boosted its position in Concrete Pumping by 1.9% during the 4th quarter. Empowered Funds LLC now owns 310,132 shares of the company’s stock worth $2,065,000 after buying an additional 5,750 shares during the period. Finally, JB Capital Partners LP boosted its position in Concrete Pumping by 17.0% during the 4th quarter. JB Capital Partners LP now owns 282,100 shares of the company’s stock worth $1,879,000 after buying an additional 41,000 shares during the period. Institutional investors and hedge funds own 34.20% of the company’s stock.

Concrete Pumping Trading Up 2.6%

Shares of NASDAQ:BBCP opened at $7.21 on Wednesday. The stock’s 50-day simple moving average is $6.34 and its two-hundred day simple moving average is $6.72. The stock has a market capitalization of $382.50 million, a price-to-earnings ratio of 27.73 and a beta of 1.12. Concrete Pumping Holdings, Inc. has a 52-week low of $4.78 and a 52-week high of $9.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.89 and a current ratio of 1.99.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BBCP. Robert W. Baird lowered their price objective on shares of Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. DA Davidson cut their price target on shares of Concrete Pumping from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Concrete Pumping currently has an average rating of “Hold” and an average target price of $7.44.

Insider Activity at Concrete Pumping

In other Concrete Pumping news, CEO Bruce F. Young acquired 49,507 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the acquisition, the chief executive officer now directly owns 1,722,622 shares in the company, valued at $8,940,408.18. The trade was a 2.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 26.60% of the stock is owned by corporate insiders.

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.