SG Capital Management LLC Raises Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

SG Capital Management LLC increased its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 150.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 432,703 shares of the industrial products company’s stock after purchasing an additional 260,116 shares during the quarter. H&E Equipment Services makes up approximately 2.0% of SG Capital Management LLC’s investment portfolio, making the stock its 14th largest position. SG Capital Management LLC owned about 1.21% of H&E Equipment Services worth $12,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its holdings in H&E Equipment Services by 21.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,142 shares of the industrial products company’s stock valued at $64,000 after buying an additional 548 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in H&E Equipment Services by 9.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 5,068 shares of the industrial products company’s stock valued at $98,000 after buying an additional 428 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in H&E Equipment Services by 215.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,338 shares of the industrial products company’s stock valued at $184,000 after buying an additional 5,011 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in H&E Equipment Services by 343.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,869 shares of the industrial products company’s stock valued at $202,000 after buying an additional 7,645 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in H&E Equipment Services in the 1st quarter valued at $213,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

Shares of H&E Equipment Services stock traded down $1.39 during trading hours on Thursday, hitting $29.22. The company’s stock had a trading volume of 153,383 shares, compared to its average volume of 191,365. H&E Equipment Services, Inc. has a twelve month low of $18.12 and a twelve month high of $39.33. The company’s fifty day simple moving average is $28.13. The company has a market cap of $1.05 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.21 and a beta of 2.84. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.43 and a current ratio of 0.69.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.08. H&E Equipment Services had a return on equity of 32.17% and a net margin of 6.33%. The business had revenue of $333.60 million for the quarter, compared to analyst estimates of $337.96 million. During the same quarter in the prior year, the company posted $0.58 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts predict that H&E Equipment Services, Inc. will post 2.46 earnings per share for the current year.

HEES has been the subject of several analyst reports. UBS Group set a $31.00 target price on H&E Equipment Services and gave the company a “hold” rating in a report on Friday, April 26th. BidaskClub upgraded H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Thursday. ValuEngine upgraded H&E Equipment Services from a “sell” rating to a “hold” rating in a report on Monday. Zacks Investment Research upgraded H&E Equipment Services from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Bank of America restated a “buy” rating and issued a $35.00 target price (up from $32.00) on shares of H&E Equipment Services in a report on Monday, April 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. H&E Equipment Services presently has a consensus rating of “Hold” and an average price target of $31.60.

About H&E Equipment Services

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.

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

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