Ameriprise Financial Inc. Purchases 5,041 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Ameriprise Financial Inc. grew its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,621 shares of the industrial products company's stock after buying an additional 5,041 shares during the period. Ameriprise Financial Inc. owned 0.44% of H&E Equipment Services worth $7,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its stake in shares of 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 period. CIBC Private Wealth Group LLC increased its stake in shares of 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 period. Commonwealth Equity Services LLC grew 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 period. KLP Kapitalforvaltning AS acquired a new stake in H&E Equipment Services during the fourth quarter worth approximately $313,000. Finally, Handelsbanken Fonder AB grew 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 period. Institutional investors and hedge funds own 84.08% of the company's stock.

Wall Street Analysts Forecast Growth

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

H&E Equipment Services Trading Up 0.9%

NASDAQ HEES traded up $0.82 during trading hours on Tuesday, hitting $95.46. 431,948 shares of the company's stock were exchanged, compared to its average volume of 564,216. The stock has a 50-day simple moving average of $92.88 and a 200 day simple moving average of $80.08. H&E Equipment Services, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 24.23 and a beta of 1.87. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly 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 firm's revenue was down 13.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 EPS. On average, equities analysts forecast that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal 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.