Tower Research Capital LLC TRC Decreases Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Tower Research Capital LLC TRC reduced its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 87.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 936 shares of the industrial products company’s stock after selling 6,353 shares during the quarter. Tower Research Capital LLC TRC’s holdings in H&E Equipment Services were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HEES. Meeder Asset Management Inc. raised its stake in H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after buying an additional 220 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in H&E Equipment Services by 38.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock valued at $190,000 after buying an additional 1,166 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in H&E Equipment Services by 15.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock valued at $299,000 after buying an additional 799 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in H&E Equipment Services in the fourth quarter valued at about $313,000. Finally, Handelsbanken Fonder AB raised its stake in H&E Equipment Services by 17.7% in the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock valued at $325,000 after buying an additional 1,000 shares during the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Performance

Shares of NASDAQ:HEES opened at $95.18 on Wednesday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The business’s 50 day moving average price is $92.56 and its 200-day moving average price is $77.12. The firm has a market capitalization of $3.49 billion, a PE ratio of 24.16 and a beta of 1.87. H&E Equipment Services, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.63). The firm had revenue of $319.46 million during the quarter, compared to analyst estimates of $362.60 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business’s revenue was down 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. As a group, equities research analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HEES shares. UBS Group reiterated a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com began coverage on H&E Equipment Services in a report on Thursday, May 8th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.33.

About H&E Equipment Services

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, and Parts, Service and Other Revenues. The Equipment Rentals segment focuses on renting construction and industrial equipment.