H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 108.4% in the 1st quarter, HoldingsChannel reports. The fund owned 298 shares of the industrial products company’s stock after acquiring an additional 155 shares during the period. Farther Finance Advisors LLC’s holdings in H&E Equipment Services were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HEES. Westwood Holdings Group Inc. grew its holdings in H&E Equipment Services by 2,576.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock worth $41,884,000 after acquiring an additional 823,510 shares in the last quarter. Victory Capital Management Inc. grew its holdings in H&E Equipment Services by 1,238.8% during the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company’s stock worth $33,778,000 after acquiring an additional 638,379 shares in the last quarter. Voya Investment Management LLC grew its holdings in H&E Equipment Services by 3,914.1% during the 4th quarter. Voya Investment Management LLC now owns 424,809 shares of the industrial products company’s stock worth $20,799,000 after acquiring an additional 414,226 shares in the last quarter. American Century Companies Inc. grew its holdings in H&E Equipment Services by 17.2% during the 4th quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock worth $104,493,000 after acquiring an additional 313,880 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in H&E Equipment Services by 34.5% during the 4th quarter. First Trust Advisors LP now owns 623,488 shares of the industrial products company’s stock worth $30,526,000 after acquiring an additional 159,976 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Stock Performance

Shares of H&E Equipment Services stock opened at $94.64 on Thursday. The company has a fifty day simple moving average of $93.37 and a 200-day simple moving average of $85.14. H&E Equipment Services, Inc. has a 12-month low of $40.93 and a 12-month high of $101.28. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 24.02 and a beta of 1.87.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on shares of H&E Equipment Services in a report on Friday, May 16th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $71.33.

H&E Equipment Services Profile

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.