H&E Equipment Services, Inc. (HEES) Holdings Boosted by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC boosted its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 4.0% during the first quarter, HoldingsChannel reports. The firm owned 163,193 shares of the industrial products company’s stock after purchasing an additional 6,320 shares during the period. H&E Equipment Services makes up approximately 1.4% of Gilman Hill Asset Management LLC’s holdings, making the stock its 27th largest holding. Gilman Hill Asset Management LLC’s holdings in H&E Equipment Services were worth $4,098,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of H&E Equipment Services in the fourth quarter valued at approximately $14,358,000. PNC Financial Services Group Inc. lifted its position in shares of H&E Equipment Services by 255.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 560,725 shares of the industrial products company’s stock valued at $11,450,000 after acquiring an additional 402,881 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in shares of H&E Equipment Services in the fourth quarter valued at approximately $7,582,000. BlackRock Inc. lifted its position in shares of H&E Equipment Services by 14.4% in the third quarter. BlackRock Inc. now owns 2,603,108 shares of the industrial products company’s stock valued at $98,346,000 after acquiring an additional 326,683 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of H&E Equipment Services by 51.3% in the fourth quarter. Bank of New York Mellon Corp now owns 488,346 shares of the industrial products company’s stock valued at $9,972,000 after acquiring an additional 165,520 shares in the last quarter. Institutional investors own 71.52% of the company’s stock.

HEES has been the topic of several research reports. BidaskClub upgraded H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Zacks Investment Research upgraded H&E Equipment Services from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Thursday, March 7th. Finally, Longbow Research initiated coverage on H&E Equipment Services in a research report on Friday, March 29th. They issued a “buy” rating and a $34.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $35.33.

H&E Equipment Services stock traded up $0.07 during trading on Wednesday, reaching $29.82. 221,469 shares of the company were exchanged, compared to its average volume of 219,423. H&E Equipment Services, Inc. has a 52-week low of $18.12 and a 52-week high of $40.39. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 0.85 and a beta of 2.74. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.62 and a current ratio of 0.90.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.13. H&E Equipment Services had a return on equity of 32.46% and a net margin of 6.18%. The firm had revenue of $345.97 million for the quarter, compared to the consensus estimate of $320.50 million. During the same quarter last year, the business posted $0.78 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year. On average, analysts predict that H&E Equipment Services, Inc. will post 2.3 EPS for the current fiscal year.

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H&E Equipment Services Profile

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.

See Also: Net Income

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Institutional Ownership by Quarter for H&E Equipment Services (NASDAQ:HEES)

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