Algert Global LLC Sells 93,325 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Algert Global LLC reduced its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 75.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,173 shares of the industrial products company's stock after selling 93,325 shares during the period. Algert Global LLC owned about 0.08% of H&E Equipment Services worth $1,477,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Barclays PLC increased its holdings in shares of H&E Equipment Services by 185.1% in the 3rd quarter. Barclays PLC now owns 61,018 shares of the industrial products company's stock valued at $2,972,000 after purchasing an additional 39,617 shares in the last quarter. Diversified Trust Co grew its position in shares of H&E Equipment Services by 5.7% during the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock valued at $520,000 after buying an additional 574 shares during the last quarter. Harbour Capital Advisors LLC grew its position in shares of H&E Equipment Services by 7.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 28,045 shares of the industrial products company's stock valued at $1,370,000 after buying an additional 1,935 shares during the last quarter. Access Financial Services Inc. boosted its position in shares of H&E Equipment Services by 20.4% during the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company's stock worth $1,027,000 after buying an additional 3,555 shares during the period. Finally, Jennison Associates LLC bought a new position in shares of H&E Equipment Services in the fourth quarter valued at approximately $498,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Price Performance

Shares of H&E Equipment Services stock traded up $0.33 during midday trading on Tuesday, hitting $95.18. 740,118 shares of the company traded hands, compared to its average volume of 552,661. The firm's fifty day moving average price is $92.56 and its 200-day moving average price is $77.12. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. H&E Equipment Services, Inc. has a 12 month low of $40.93 and a 12 month high of $101.28. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 24.16 and a beta of 1.87.

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 the consensus estimate of $0.66 by ($0.63). The firm had revenue of $319.46 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. As a group, sell-side analysts forecast that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HEES shares. UBS Group reissued a "neutral" rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com assumed coverage on shares of H&E Equipment Services in a report on Thursday, May 8th. They set a "hold" rating on the stock. Four research 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $71.33.

H&E Equipment Services Company 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.