Blue Zone Wealth Advisors LLC Raises Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Blue Zone Wealth Advisors LLC increased its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 15.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 53,004 shares of the industrial products company's stock after acquiring an additional 7,252 shares during the period. Blue Zone Wealth Advisors LLC owned 0.14% of H&E Equipment Services worth $5,024,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HEES. Meeder Asset Management Inc. boosted its position 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 period. CIBC Private Wealth Group LLC lifted its holdings 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 worth $190,000 after acquiring an additional 1,166 shares during the last quarter. Commonwealth Equity Services LLC grew its position in H&E Equipment Services by 15.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock worth $299,000 after acquiring an additional 799 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in H&E Equipment Services during the 4th quarter worth approximately $313,000. Finally, Handelsbanken Fonder AB raised its position in H&E Equipment Services by 17.7% during 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 during the last quarter. Institutional investors and hedge funds own 84.08% of the company's stock.

Analyst Ratings Changes

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

H&E Equipment Services Price Performance

H&E Equipment Services stock remained flat at $94.64 during midday trading on Tuesday. The firm's 50 day moving average price is $92.76 and its two-hundred day moving average price is $82.63. The firm has a market capitalization of $3.47 billion, a PE ratio of 24.02 and a beta of 1.87. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.63). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $319.46 million during the quarter, compared to the consensus estimate of $362.60 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The business's revenue for the quarter was down 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that H&E Equipment Services, Inc. will post 3.25 EPS 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.