Lighthouse Investment Partners LLC Takes Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Lighthouse Investment Partners LLC acquired a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,932 shares of the industrial products company's stock, valued at approximately $731,000.

Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its stake in H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock worth $71,000 after purchasing an additional 220 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in H&E Equipment Services by 38.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock worth $190,000 after purchasing an additional 1,166 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in H&E Equipment Services by 15.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock worth $299,000 after purchasing an additional 799 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in H&E Equipment Services during the fourth quarter worth $313,000. Finally, Handelsbanken Fonder AB lifted its stake in H&E Equipment Services by 17.7% during the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company's stock worth $325,000 after purchasing an additional 1,000 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on H&E Equipment Services in a research note on Friday. They issued a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $71.33.

H&E Equipment Services Stock Performance

HEES stock traded up $0.16 during mid-day trading on Tuesday, reaching $96.27. The company had a trading volume of 90,031 shares, compared to its average volume of 559,327. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $3.53 billion, a P/E ratio of 24.44 and a beta of 1.87. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28. The stock's 50-day simple moving average is $92.77 and its two-hundred day simple moving average is $78.60.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its 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 company had revenue of $319.46 million during the quarter, compared to the consensus estimate of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business's quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. Research analysts anticipate that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

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.