SVP & Chief Legal Officer At Herc Hldgs Sells $1.07M Of Stock
It was reported on October 29, that S. Wade Sheek, SVP & Chief Legal Officer at Herc Hldgs HRI executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday outlined that Sheek executed a sale of 5,000 shares of Herc Hldgs with a total value of $1,065,600.
Herc Hldgs‘s shares are actively trading at $210.86, experiencing a down of 0.0% during Wednesday’s morning session.
All You Need to Know About Herc Hldgs
Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third-largest equipment rental company (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.4 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings’ strategy now incorporates long-term rentals to industrial customers where Herc maintains its own staff at the customer site.
Herc Hldgs’s Economic Impact: An Analysis
Positive Revenue Trend: Examining Herc Hldgs’s financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.28% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Holistic Profitability Examination:
-
Gross Margin: The company excels with a remarkable gross margin of 39.9%, indicating superior cost efficiency and profitability compared to its industry peers.
-
Earnings per Share (EPS): Herc Hldgs’s EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 4.3.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 3.49, caution is advised due to increased financial risk.
Financial Valuation:
-
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 17.26 is lower than the industry average, indicating potential undervaluation for the stock.
-
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 1.74, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 7.36, Herc Hldgs presents an attractive value opportunity.
Market Capitalization: Indicating a reduced size compared to industry averages, the company’s market capitalization poses unique challenges.
Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.
Why Insider Activity Matters in Finance
Insider transactions shouldn’t be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In the realm of legality, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
The Insider’s Guide to Important Transaction Codes
For investors, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Herc Hldgs’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
US Stocks Likely To Open Higher As Investors Eye GDP Print, Strong Alphabet Results To Kick Off 'Mag 7' Earnings Week: Strategist Flags November As 'Best Month Of The Year' For Markets
Investors on Wall Street seem upbeat as the index futures point to a positive start on Wednesday despite ending the previous session on a mixed note.
Search and advertising giant Alphabet Inc. GOOG GOOGL kicked off the highly anticipated tech earnings week on a strong note. The Sundar Pichai-led company posted strong momentum across verticals, beating revenue and earnings per share (EPS) expectations.
Advanced Micro Devices Inc. AMD, on the other hand, fell 8% in premarket trading after the chipmaker’s fourth-quarter guidance disappointed investors. That said, AMD beat revenue expectations in Q3.
The remaining four of the “Magnificent 7” companies will post their earnings this week – this includes Apple Inc. AAPL, Microsoft Corp. MSFT, Meta Platforms Inc. META, and Amazon.com Inc. AMZN.
| Futures | Performance (+/-) |
| Nasdaq 100 | 0.16% |
| S&P 500 | 0.19% |
| Dow Jones | 0.03% |
| R2K | -0.16% |
In premarket trading on Monday, the SPDR S&P 500 ETF Trust SPY rose 0.20% to $582.95 and the Invesco QQQ ETF QQQ gained 0.15% to $500.90, according to Benzinga Pro data.
Cues From Last Session:
Investors remained cautious, with most sectors on the S&P 500 index closing the day in the red. However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
Crude oil prices remained tentative and kept their levels after tumbling over the weekend due to Israel’s missile strikes on Iran.
Treasury yields eased slightly on Tuesday after running up over the past week. However, a possible re-election of former President Donald Trump could keep the bond yields elevated due to an increased fear of higher deficits, according to WisdomTree and Wharton School economist Jeremy Siegel.
Besides, the International Monetary Fund has also warned about the long-term trajectory of U.S. national debt
Tech stocks helped the Nasdaq Composite index surge to a new all-time high.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | 0.78% | 18,712.75 |
| S&P 500 | 0.16% | 5,832.92 |
| Dow Jones | -0.36% | 42,233.05 |
| Russell 2000 | -0.27% | 2,238.09 |
Insights From Analysts:
Ryan Detrick, Chief Market Strategist at Carson Group, highlighted that November is the “best month of the year” as far as equity markets are concerned.
“The last time it fell more than 1% was in 2008, and it has been higher in 11 of the past 12 years. Not to be outdone, it is the best month since 1950, in the past decade, and in election years, while it ranks as the second-best month in the past 20 years (only July is better).”
Detrick added that the bull market is here to stay. After experiencing a bull run for the past three years, the expert highlighted that “the potential for many more years of gains is actually quite high.”
That said, he explains that while it’s not clear how long this rally will last, investors should be open to the possibility that there’s more gas left in the tank.
Mike Mayo, Wells Fargo Securities managing director, told CNBC in an interview that regardless of who wins the 2024 presidential election, financials stocks will benefit.
“Wall Street likes certainty over uncertainty,” Mayo said, referring to the rules on stress tests and other parameters to measure the health of financial institutions.
“The second thing is common sense regulation. You’ve already seen this put in place by the current administration… they rolled back the 1000-page report on capital changes.”
On the economic data front, the S&P CoreLogic Case-Shiller home price index rose 5.2% year-over-year in August versus a 5.9% gain in July.
U.S. wholesale inventories declined by 0.1% month-over-month to $905 billion in September compared to a revised 0.2% gain in the earlier month.
The U.S. trade deficit increased to $108.2 billion in September from the $94.2 billion gap in the previous month.
See Also: Best Futures Trading Software
Upcoming Economic Data:
- Mortgage Market and Refinance indices will be released at 7 a.m. ET.
- ADP employment numbers will be released at 8:15 a.m. ET.
- The preliminary GDP print is scheduled to be released at 8:30 a.m. ET.
- Pending home sales data is scheduled to be released at 10 a.m. ET.
- Crude oil inventories data will be released at 10:30 a.m. ET.
Stocks In Focus:
- Alphabet Inc. GOOG GOOGL shares surged nearly 6% in premarket trading after the search giant reported an AI-powered boost in its revenue in Q3, which beat expectations and surged 15% year-on-year.
- Advanced Micro Devices Inc. AMD stock felt the pressure, falling 8% in premarket trading after its Q4 revenue guidance fell short of expectations. Other chipmakers, Qualcomm Inc. QCOM and Intel Corp. INTC felt the pressure, too, falling 5% and 0.3% in premarket, respectively.
- Snap Inc. SNAP shares surged 1.5% in premarket after the company posted slightly better-than-expected revenue, aided by AI.
- Reddit Inc. RDDT shares jumped nearly 24% after the social media company handily beat revenue expectations thanks to its data licensing and advertising sales.
- Chewy Inc. CHWY shares were down 1.8% in premarket after “Roaring Kitty” Keith Gill reported in a securities filing that he does not hold a stake in the company anymore.
- Investors are awaiting earnings results from Meta Platforms Inc. META, Microsoft Corp. MSFT, Starbucks Corp. SBUX, Coinbase Global Inc. COIN, and Robinhood Markets Inc. HOOD today.
Commodities, Bonds And Global Equity Markets:
Crude oil futures gained in the early New York session, rising 1.03% as preliminary data showed a decline in U.S. inventory levels.
The benchmark 10-year Treasury note yield declined marginally to 4.22%.
Most Asian markets closed in the red on Wednesday, with Chinese markets falling the most, while Japan’s Nikkei 225 gained.
European stocks were mostly lower in early trading.
Read Next:
Photo courtesy: Wikimedia
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gas Turbine Market Size Expected to Grow to USD 54.8 Billion by 2031 at 4.8% CAGR, Fueled by Diverse Applications and Fuel Versatility – Report by Transparency Market Research Inc.
Wilmington, Delaware, United States, Transparency Market Research, Inc. , Oct. 30, 2024 (GLOBE NEWSWIRE) — The global gas turbine market (سوق بطاريات القطارات) is estimated to flourish at a CAGR of 4.8% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for gas turbine is estimated to reach US$ 54.8 billion by the end of 2031.
A prominent driver is the emergence of distributed energy systems. With a growing need for reliable power supply in remote areas and critical facilities, decentralized energy solutions utilizing gas turbines offer flexibility and resilience.
Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70260
Some prominent players are as follows:
- Ansaldo Energia
- GE Power
- Kawasaki Heavy Industries Ltd.
- Siemens Energy AG
- Capstone Green Energy Corporation
- Mitsubishi Heavy Industries Ltd.
- United Engine Corporation
- Harbin Electric Corporation
- OPRA Turbines
- Solar Turbines Incorporated
Advancements in additive manufacturing technologies are revolutionizing gas turbine design and production processes. 3D printing allows for the creation of intricate components with improved performance and durability, thereby enhancing turbine efficiency and reducing manufacturing costs.
The rise of microgrids presents a unique opportunity for gas turbines. These localized energy networks integrate various distributed energy resources, including gas turbines, to optimize power generation and consumption, especially in areas prone to grid instability or outages.
The increasing focus on energy storage solutions complements gas turbine operations. By integrating energy storage systems with gas turbines, operators can enhance grid stability, manage peak demand more effectively, and facilitate greater renewable energy penetration.
Key Findings of the Market Report
- Turbofan engines lead the gas turbine market, offering a balance of fuel efficiency and thrust, making them prominent in aviation and aerospace applications.
- The 60 MW-150 MW rating capacity segment emerges as the leading force in the gas turbine market, driving innovation and demand.
- Heavy-duty gas turbines lead the gas turbine market due to their high power output and efficiency, catering to large-scale industrial and power generation applications.
Gas Turbine Market Growth Drivers & Trends
- Growing emphasis on renewable energy integration and hybrid solutions to enhance overall efficiency and sustainability, driving demand for advanced gas turbine technologies.
- Increasing environmental regulations globally propel the adoption of low-emission gas turbines, fostering innovation and technological advancements in the market.
- Rapid urbanization and industrial expansion, particularly in Asia Pacific, spur the demand for reliable and efficient power generation, boosting the gas turbine market.
- Integration of digital solutions and smart technologies like predictive maintenance and real-time monitoring enhance operational efficiency, reducing downtime and overall lifecycle costs for gas turbines.
- Large-scale infrastructure projects worldwide, including power plants and grid modernization initiatives; fuel the demand for gas turbines, providing reliable and flexible energy solutions for diverse applications.
Global Gas Turbine Market: Regional Profile
- North America, a mature market, boasts a robust industrial base and a focus on energy security. Major players like GE Power and Siemens AG dominate, propelled by stringent emissions regulations and a drive towards cleaner energy solutions. The region’s shale gas abundance further fuels demand for efficient power generation, bolstering market growth.
- In Europe, a stringent regulatory landscape fosters innovation and sustainability in the gas turbine sector. Companies like Siemens AG and Ansaldo Energia lead the charge, navigating the transition towards renewable integration and grid modernization. The emphasis on reducing carbon emissions and enhancing energy efficiency propels investments in advanced turbine technologies, driving market expansion across the continent.
- Asia Pacific emerges as a hotspot for gas turbine deployment, fueled by rapid industrialization and urbanization. Countries like China and India spearhead the region’s growth, driven by massive infrastructure projects and increasing energy demands. Key players such as Mitsubishi Hitachi Power Systems and Kawasaki Heavy Industries, Ltd. capitalize on these opportunities, offering tailored solutions for diverse applications.
Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70260
Gas Turbine Market: Competitive Landscape
The gas turbine market is a dynamic arena, driven by technological advancements, regulatory policies, and environmental concerns. Key players such as GE Power, Siemens AG, and Mitsubishi Hitachi Power Systems dominate, leveraging expertise and extensive R&D investments. Emerging contenders like Ansaldo Energia and Kawasaki Heavy Industries, Ltd. intensify competition with innovative solutions and strategic alliances.
Market dynamics also reflect regional variations, with Asia-Pacific witnessing rapid growth due to industrialization and infrastructure development. Stringent emissions standards and increasing focus on renewable integration reshape the landscape, compelling players to enhance efficiency and sustainability. The gas turbine market thrives amidst challenges, fostering innovation and collaboration.
Product Portfolio
- With a legacy of innovation, Ansaldo Energia pioneers cutting-edge solutions in gas turbines and power generation. Their commitment to reliability and sustainability ensures efficient energy production for a greener future.
- GE Power leads the industry with transformative technologies in power generation, renewable energy, and grid solutions. Their relentless pursuit of innovation and sustainability drives progress worldwide, powering communities and industries with efficiency and reliability.
Gas Turbine Market: Key Segments
By Engine Type
- Turbojet
- Turbofan
- Turboprop
- Turboshaft
By Rating Capacity
- Below 60 MW
- 60 MW-150 MW
- 150 MW-300 MW
- 300 MW-400 MW
- Above 400 MW
By Design
- Heavy-duty Gas Turbines
- Industrial Gas Turbines
- Aeroderivative gas turbines
By Application
- Steel Mills
- Marine
- Refineries
- Petrochemical
- Power Generation
- Others (Aircraft, Spacecraft, etc.)
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=70260<ype=S
More Trending Reports by Transparency Market Research –
- Emergency Stop Switches Market– The emergency stop switches market size (سوق مفاتيح التوقف في حالات الطوارئ) is estimated to grow at a CAGR of 6.4% from 2022 to 2031 and reach US$ 3.07 Billion by the end of 2031.
- Power Tiller Market– The global power tiller market (سوق محراث الطاقة) is expected to reach US$ 2.3 Billion by the end of 2031 and it is estimated to grow at a CAGR of 5.9% from 2022 to 2031.
- Gearbox & Gear Motors Market – The global gearbox & gear motors market (سوق علبة التروس ومحركات التروس) is expected to reach US$ 23.4 Billion by the end of 2034.
- Drilling Equipment Market – The global drilling equipment market (سوق معدات الحفر) is estimated to reach US$ 14.0 Billion by the end of 2034.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Alphabet To Rally Around 33%? Here Are 10 Top Analyst Forecasts For Wednesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
- Barclays cut Qorvo, Inc. QRVO price target from $120 to $90. Barclays analyst Tom O’Malley maintained an Equal-Weight rating. Qorvo shares closed at $100.48 on Tuesday. See how other analysts view this stock.
- B of A Securities raised the price target for Snap Inc. SNAP from $13 to $14. B of A Securities analyst Justin Post maintained a Neutral rating. Snap shares closed at $10.89 on Tuesday. See how other analysts view this stock.
- Morgan Stanley raised the price target for Zebra Technologies Corporation ZBRA from $290 to $305. Morgan Stanley analyst Meta Marshall maintained an Underweight rating. Zebra Technologies shares closed at $384.68 on Tuesday. See how other analysts view this stock.
- Northland Capital Markets slashed Transcat, Inc. TRNS price target from $130 to $110. Northland Capital Markets analyst Ted Jackson maintained a Market Perform rating. Transcat shares settled at $99.45 on Tuesday. See how other analysts view this stock.
- Stephens & Co. cut Chipotle Mexican Grill, Inc. CMG price target from $66 to $65. Stephens & Co. analyst Jim Salera maintained an Equal-Weight rating. Chipotle shares closed at $60.49 on Tuesday. See how other analysts view this stock.
- Jefferies cut e.l.f. Beauty, Inc. ELF price target from $220 to $175. Jefferies analyst Ashley Helgans maintained a Buy rating. e.l.f. Beauty shares closed at $113.27 on Tuesday. See how other analysts view this stock.
- CIBC boosted the price target for Waste Management, Inc. WM from $213 to $228. CIBC analyst Kevin Chiang maintained a Neutral rating. Planet Fitness shares settled at $219.11 on Tuesday. See how other analysts view this stock.
- Canaccord Genuity raised PayPal Holdings, Inc. PYPL price target from $80 to $96. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. PayPal shares closed at $80.28 on Tuesday. See how other analysts view this stock.
- Roth MKM increased the price target for Electronic Arts Inc. EA from $154 to $158. Roth MKM analyst Eric Handler maintained a Neutral rating. Electronic Arts shares closed at $145.62 on Tuesday. See how other analysts view this stock.
- Truist Securities boosted Alphabet Inc. GOOG price target from $220 to $225. Truist Securities analyst Youssef Squali maintained a Buy rating. Alphabet shares closed at $169.68 on Tuesday. See how other analysts view this stock.
Considering buying GOOG stock? Here’s what analysts think:
Read Next:
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
MN Custom Homes Latest Kitchen Trends Featured in Lifestyle Magazines
Largest private, single-lot builder in Seattle’s Greater Eastside shares signature approach to kitchen design in October issues of Bellevue Lifestyle and Kirkland Lifestyle magazines.
BELLEVUE, Wash., Oct. 30, 2024 /PRNewswire/ — MN Custom Homes, the largest private single-lot builder in Seattle’s Greater Eastside, was featured in the October editions of Bellevue Lifestyle and Kirkland Lifestyle magazines with the latest trends in home kitchen design.
“The Heart of the Home,” as the article states, is most often the kitchen – “a hub of activity, connection and warmth.” The experienced designers at MN Custom Homes say that both form and function are especially critical when it comes to crafting a kitchen. In homes today, kitchens are often integrated into spacious, open floor plans, requiring thoughtful design to ensure they are functional and seamlessly maintain the visual flow of the larger space. The use of complimentary materials, colors and design elements ensure a cohesive look.
According to the designers at MN Custom Homes, current kitchen trends reflect a blend of modern technology, sustainability, and a return to warmth with the use of natural materials. Energy-efficient appliances and water-saving fixtures are a must-have in modern kitchens, along with smart appliances, such as touchless faucets, smart ovens, and refrigerators that can help with meal planning and grocery shopping. The latest color trends embrace earthy tones such as terracotta, sage green, deep blues, and warm browns to bring a sense of calm and connection to nature.
With more than 13 years of experience building unique, luxury homes throughout Seattle’s Greater Eastside, MN Custom Homes has developed a reputation for exceptional craftsmanship and attention to detail. These homes often showcase MN’s signature kitchens with personalized cabinetry, premium counters and backsplashes, chef-grade Wolf and Sub-Zero appliances, convenient walk-in pantries and spacious waterfall islands with unique lighting and custom hoods above the range, creating a captivating focal point that blends elegance with functionality.
MN Custom Homes features a wide variety of homesites and pre-sales opportunities where homebuyers can customize their design choices. To learn more about MN Custom Homes’ pre-sales program and process, visit https://www.mncustom.com/presale-custom-home-design-process/
About MN Custom Homes
MN Custom Homes is the leading single-family home builder among Seattle’s Greater Eastside, crafting homes that reflect innovation, quality, and timeless design. Known for its commitment to the communities it serves, MN brings meaningful change through its support of local non-profits, Jubilee REACH and Imagine Housing. In addition to winning multiple “Best Places to Work” and back-to-back “Builder of the Year” awards, the company also holds the “Best of Bellevue and Kirkland” accolades from City Lifestyle magazines. To learn more, visit mncustom.com.
Contact:
Margaret Nicoll
206-310-5750
385579@email4pr.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/mn-custom-homes-latest-kitchen-trends-featured-in-lifestyle-magazines-302291087.html
SOURCE MN Custom Homes
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Chief Executive Officer Of SEI Inv Sold $749K In Stock
Disclosed on October 29, Ryan Hicke, Chief Executive Officer at SEI Inv SEIC, executed a substantial insider sell as per the latest SEC filing.
What Happened: After conducting a thorough analysis, Hicke sold 10,000 shares of SEI Inv. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total transaction value is $749,000.
SEI Inv‘s shares are actively trading at $76.82, experiencing a up of 0.81% during Wednesday’s morning session.
About SEI Inv
SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers. SEI also has a minority interest in LSV Asset Management, a value equity asset manager with about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.
Key Indicators: SEI Inv’s Financial Health
Revenue Growth: SEI Inv’s revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 3.55%. This indicates a substantial increase in the company’s top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Analyzing Profitability Metrics:
-
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 53.73%, indicating potential difficulties in maintaining profitability compared to its peers.
-
Earnings per Share (EPS): SEI Inv’s EPS reflects a decline, falling below the industry average with a current EPS of 1.2.
Debt Management: SEI Inv’s debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.01.
Valuation Overview:
-
Price to Earnings (P/E) Ratio: SEI Inv’s P/E ratio of 18.36 is below the industry average, suggesting the stock may be undervalued.
-
Price to Sales (P/S) Ratio: With a P/S ratio of 4.9 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): The company’s EV/EBITDA ratio of 11.42 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.
Uncovering the Importance of Insider Activity
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
From a legal standpoint, the term “insider” pertains to any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider’s new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
Important Transaction Codes
Delving into transactions, investors typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of SEI Inv’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Offshore Support Vessel Market Size Projected to Grow $36.3 billion by 2029 | MarketsandMarkets™
Delray Beach, FL, Oct. 30, 2024 (GLOBE NEWSWIRE) — The global Offshore Support Vessel Market size is expected to grow from USD 25.6 billion in 2024 to USD 36.3 billion by 2029, at a CAGR of 7.2% according to a new report by MarketsandMarkets™. An offshore support vessel (OSV) is specially designed to support offshore exploration, drilling, production, and construction activities in the oil & gas industry. These vessels provide a range of services, such as transportation of personnel, equipment and supplies, maintenance and repair, and oil spill response. OSVs are also used for specialized tasks such as platform installation, decommissioning, seismic surveying, providing firefighting, towing, and positioning of drilling rigs and other offshore structures, and subsea construction. These vessels are equipped with dynamic positioning systems to maintain their position in rough seas and are built to withstand harsh offshore conditions. Different types of offshore support vessels are used in offshore oil & gas and offshore wind applications. OSVs play a crucial role in offshore oil & gas and offshore wind farms by enabling safe and efficient operations.
The global offshore support vessel market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market such as government policies and incentives and technological advancements among others. The rising global demand for energy, particularly from developing countries, pushes the need for increased offshore exploration and production, subsequently driving the OSV market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1212
Offshore Support Vessel Market Scope:
| Report Coverage | Details |
| Market Size | USD 36.3 Billion by 2029 |
| Growth Rate | 7.2% of CAGR |
| Largest Market | Asia Pacific |
| Market Dynamics | Drivers, Restraints, Opportunities & Challenges |
| Forecast Period | 2024-2029 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Offshore Support Vessel Market by technology, application, material, fuel type, end-user industry, and region. |
| Geographies Covered | Asia Pacific, North America, Europe, South America, Middle East & Africa. |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Increased ultra-deepwater exploration activities, especially in Arctic region |
| Key Market Drivers | Increasing investments in offshore wind and oil & gas projects |
Offshore Oil & Gas industry is expected to be the largest segment during the forecast period
The expansion of exploration and production activities in emerging offshore markets, particularly in deepwater reserves and Arctic regions, is creating significant new opportunities for offshore support vessel operators and manufacturers. These frontier areas are attracting substantial investments from oil and gas companies seeking to tap into previously unexplored or underexplored hydrocarbon reserves.
Deepwater reserves often found off the coasts of countries like Brazil, Guyana, and West Africa, present unique challenges and opportunities. The complex and demanding nature of deepwater drilling operations necessitates specialized support vessels equipped with advanced technology and capabilities. These vessels must be able to operate in harsh conditions, provide reliable support for drilling rigs, transport personnel and supplies, and ensure safety and efficiency in deepwater environments.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1212
Offshore Support Vessel Market Dynamics:
Drivers:
- Increasing investments in offshore wind and oil & gas projects
Restraints:
- Constant fluctuations in oil prices and requirement for huge capital to launch offshore support vessels
- Supply–demand gap in offshore support vessels
Opportunities:
- Decommissioning and replacement of aging offshore infrastructure
- Increased ultra-deepwater exploration activities, especially in Arctic region
Challenges:
- High operational risks for OSVs due to extreme offshore climatic conditions
- Stringent regulations for offshore activities
North America is expected to be the fastest growing region in the Offshore Support Vessel Industry
The relentless global demand for energy continues to drive significant growth in offshore exploration and production activities, especially in resource-rich regions like the Gulf of Mexico. This area’s abundant oil and gas reserves attract major energy companies and independent operators, making it a prime target for exploration and production initiatives. Offshore support vessels (OSVs) play a crucial role in these ventures, providing essential services such as transporting supplies, equipment, and personnel, as well as performing specialized functions like anchor handling and subsea construction support. Technological advancements in OSV design, including dynamic positioning systems and automated tools, have enhanced operational efficiency and safety, further boosting their importance in offshore operations.
Key Market Players:
Some of the major players in the Offshore Support Vessel Companies are A.P. Moller-Maersk (Denmark), Tidewater Inc. (US), BOURBON (France), Edison Chouset Offshore (US), and Deltamarin Ltd (Europe).
Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting
Browse Related Reports:
About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets Inc. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA : 1-888-600-6441 UK +44-800-368-9399 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Carl Guarino Takes Money Off The Table, Sells $573K In SEI Inv Stock
Disclosed on October 29, Carl Guarino, Board Member at SEI Inv SEIC, executed a substantial insider sell as per the latest SEC filing.
What Happened: Guarino’s recent Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday unveiled the sale of 7,564 shares of SEI Inv. The total transaction value is $573,124.
SEI Inv‘s shares are actively trading at $78.0, experiencing a up of 2.36% during Wednesday’s morning session.
Unveiling the Story Behind SEI Inv
SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers. SEI also has a minority interest in LSV Asset Management, a value equity asset manager with about $99 billion in assets under management. As of December 2023, SEI (including LSV) manages, administers, or advises about $1.4 trillion in assets.
SEI Inv’s Financial Performance
Revenue Growth: SEI Inv’s remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 3.55%. This signifies a substantial increase in the company’s top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Interpreting Earnings Metrics:
-
Gross Margin: The company shows a low gross margin of 53.73%, suggesting potential challenges in cost control and profitability compared to its peers.
-
Earnings per Share (EPS): SEI Inv’s EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 1.2.
Debt Management: SEI Inv’s debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.01.
Assessing Valuation Metrics:
-
Price to Earnings (P/E) Ratio: SEI Inv’s P/E ratio of 18.36 is below the industry average, suggesting the stock may be undervalued.
-
Price to Sales (P/S) Ratio: The Price to Sales ratio is 4.9, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
-
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): SEI Inv’s EV/EBITDA ratio, lower than industry averages at 11.42, indicates attractively priced shares.
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.
The Relevance of Insider Transactions
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
Considering the legal perspective, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider’s new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
Understanding Crucial Transaction Codes
When it comes to transactions, investors tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of SEI Inv’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
US Economy Grows Less Than Expected In Q3, Yet Private Employment Soars By 233,000 In October
The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to official advance estimates released Wednesday.
This marks a slowdown from the 3% growth recorded in the second quarter and fell short of the anticipated 3%. The Atlanta Fed’s GDPNow model forecasted a 3.3% increase prior to the release.
In a separate release, the ADP National Employment report showed that private payrolls surged by 233,000 in October, sharply accelerating from 143,000 in September and well above economist expectations of 115,000, as tracked by TradingEconomics.
The ADP data — which uses anonymized payroll data of more than 25 million U.S. employees – offers encouraging insights ahead of Friday’s official jobs report, suggesting the U.S. economy likely maintained robust job growth throughout the month, despite the hurdles posed by recent hurricanes and uncertainties surrounding the U.S. elections.
US GDP Rises By 2.8% In Q3, Misses Estimates
Consumer spending increased due to rises in both goods and services.
Key contributors within goods included nondurable goods, notably prescription drugs, and motor vehicles and parts. For services, health care — primarily outpatient services — and food services and accommodations drove the growth.
The rise in exports was largely driven by capital goods (excluding automotive), while the increase in federal government spending was led by defense expenditures. Imports rose, mainly due to a surge in capital goods (excluding automotive).
The slower real GDP growth in the third quarter compared to the second was mainly due to a decline in private inventory investment and a larger drop in residential fixed investment.
These were partially offset by stronger exports, consumer spending and federal government spending. Imports also saw an uptick.
The personal consumption expenditures (PCE) price index increased 1.5%, compared with an increase of 2.5% previously. Core PCE prices advanced at 2.2% pace, decelerating from 2.8% and above expectations of 2.1%.
October’s ADP National Employment Report Positively Surprises
- In October, goods-producing industries saw an increase of 22,000 jobs, up from the 8,000 added in September.
- Manufacturing lost 19,000 positions, a sharper decline compared to the 12,000 layoffs in the prior month, while construction added 37,000 jobs.
- Service-providing industries experienced strong growth, adding 211,000 jobs, a significant jump from the 81,000 hired in September.
- Education and health services gained 53,000 positions; trade, transportation, and utilities added 51,000; and leisure and hospitality grew by 37,000.
- Annual pay growth for employees staying in their roles fell to 4.6%, extending a two-year decline, while pay gains for job switchers slowed to 6.2%.
- “Even amid hurricane recovery, job growth was strong in October. As we round out the year, hiring in the U.S. is proving to be robust and broadly resilient,” said Nela Richardson, chief economist at ADP.
Market Reactions
The dollar gained traction on Thursday morning trading, with the U.S. dollar index (DXY) – as tracked by the Invesco DB USD Index Bullish Fund ETF UUP – rising 0.3% after the economic releases.
The greenback showed a stronger reaction to employment statistics before consolidating its gains following the GDP release.
Short-dated yields surged as expectations for a December rate cut by the Federal Reserve diminished. Yields on the 2-year Treasury bond rose by 4 basis points to 4.14%.
While a 25-basis-point rate cut next week is nearly certain, implied odds for a similar move in December dropped to 70% from 75% according to CME FedWatch.
Major U.S. index futures slipped after the data release, with S&P 500 futures steady and Nasdaq 100 futures down 0.1% as of 08:55 a.m. in New York.
The SPDR S&P 500 ETF Trust SPY ended Tuesday up 0.2%, less than a percentage point below its all-time high.
Read Next:
Photo via Shutterstock.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Pending Home Sales Advanced 7.4% in September
Key Highlights
- Pending home sales in September bounced 7.4% to the highest level since March.
- Compared to one month ago, pending sales climbed in all four major U.S. regions, led by the West.
- Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South.
WASHINGTON (October 30, 2024) – Pending home sales rose in September, according to the National Association of RealtorsÒ. All four major regions experienced month-over-month gains in transactions. Year-over-year, the Northeast and West registered increases while sales remained steady in the Midwest and South.
The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – jumped 7.4% to 75.8 in September, the highest level since March (78.3). Year-over-year, pending transactions ascended 2.6%. An index of 100 is equal to the level of contract activity in 2001.
“Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” said NAR Chief Economist Lawrence Yun. “Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady.”
NAR Economic and Housing Outlook
In the next two years, Yun foresees slower home price appreciation and corresponding increases in sales.
“After two years of sluggish home sales in 2023 and 2024, existing-home sales are forecasted to rise to 4.47 million in 2025 and more than 5 million in 2026,” Yun said. “During the next two years, expect a slower rate of growth in home prices that’s roughly in line with the consumer price index because of additional supply reaching the market.”
Yun predicts the median existing-home price will rise to $410,700 in 2025 and to $420,000 in 2026. The annual 30-year fixed mortgage rate will slide to 5.9% in 2025 but then move higher to 6.1% in 2026.
View NAR’s Economic and Housing Outlook as of October 2024.
Pending Home Sales Regional Breakdown
The Northeast PHSI expanded 6.5% from last month to 65.6, up 3.3% from September 2023. The Midwest index surged 7.1% to 75.0 in September, identical to the previous year.
The South PHSI improved 6.7% to 89.0 in September, unchanged from a year ago. The West index ballooned by 9.8% from the prior month to 64.0, up 12.3% from September 2023.
About the National Association of Realtors®
The National Association of Realtors® is America’s largest trade association, representing 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term Realtor® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes – from written buyer agreements to negotiating compensation – visit facts.realtor.
# # #
*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
Pending contracts are good early indicators of upcoming sales closings. However, the amount of time between pending contracts and completed sales is not identical for all home sales. Variations in the length of the process from pending contract to closed sale can be caused by issues such as buyer difficulties with obtaining mortgage financing, home inspection problems, or appraisal issues.
The index is based on a sample that covers about 40% of multiple listing service data each month. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.
An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.
NOTE: Existing-Home Sales for October will be reported on November 21. The next Pending Home Sales Index will be released on November 27. All release times are 10 a.m. Eastern.
Information about NAR is available at nar.realtor. This and other news releases are posted in the newsroom at nar.realtor/newsroom. Statistical data in this release, as well as other tables and surveys, are posted in the “Research and Statistics” tab.
Troy Green National Association of Realtors® tgreen@nar.realtor
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.