Deutsche Bank AG Has $12.10 Million Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Deutsche Bank AG increased its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,070 shares of the industrial products company's stock after buying an additional 8,854 shares during the period. Deutsche Bank AG owned about 0.68% of H&E Equipment Services worth $12,097,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Meeder Asset Management Inc. grew its position in H&E Equipment Services by 17.8% in the 4th 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 increased its position in shares of 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 valued at $190,000 after purchasing an additional 1,166 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of H&E Equipment Services by 15.0% in the 4th 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 acquired a new position in H&E Equipment Services during the 4th quarter worth $313,000. Finally, Handelsbanken Fonder AB increased its holdings 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 purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 84.08% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of H&E Equipment Services in a research report on Friday. They set a "hold" rating for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $71.33.

H&E Equipment Services Stock Performance

Shares of HEES traded down $0.18 during mid-day trading on Monday, reaching $96.11. The company had a trading volume of 573,753 shares, compared to its average volume of 561,732. The stock has a market capitalization of $3.52 billion, a P/E ratio of 24.39 and a beta of 1.87. The stock has a 50 day moving average of $92.71 and a two-hundred day moving average of $78.11. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share 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 analysts' expectations of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. H&E Equipment Services's quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. On average, analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

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.