Blue Zone Wealth Advisors LLC Acquires 7,252 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Blue Zone Wealth Advisors LLC boosted its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 15.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,004 shares of the industrial products company's stock after purchasing an additional 7,252 shares during the quarter. Blue Zone Wealth Advisors LLC owned 0.14% of H&E Equipment Services worth $5,024,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. boosted its position in shares of H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock worth $71,000 after acquiring an additional 220 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake 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 worth $190,000 after buying an additional 1,166 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of 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 buying an additional 799 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of H&E Equipment Services during the 4th quarter valued at $313,000. Finally, Handelsbanken Fonder AB increased its holdings in H&E Equipment Services by 17.7% in the 4th 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 in the last quarter. Institutional investors own 84.08% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of H&E Equipment Services in a report on Friday, May 16th. They set a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $71.33.

H&E Equipment Services Price Performance

Shares of HEES remained flat at $94.64 during trading hours on Monday. H&E Equipment Services, Inc. has a twelve month low of $40.93 and a twelve month high of $101.28. The firm's 50-day simple moving average is $92.75 and its 200-day simple moving average is $82.54. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 24.02 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 issued its quarterly earnings results 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 business had revenue of $319.46 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 earnings per share. Equities analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share 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.