H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 8,691.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,967 shares of the industrial products company's stock after purchasing an additional 16,774 shares during the quarter. GAMMA Investing LLC's holdings in H&E Equipment Services were worth $16,080,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of H&E Equipment Services by 185.1% in the third quarter. Barclays PLC now owns 61,018 shares of the industrial products company's stock valued at $2,972,000 after buying an additional 39,617 shares in the last quarter. Jennison Associates LLC acquired a new stake in H&E Equipment Services in the 4th quarter valued at $498,000. abrdn plc increased its holdings in H&E Equipment Services by 4.0% in the 4th quarter. abrdn plc now owns 352,615 shares of the industrial products company's stock worth $17,264,000 after acquiring an additional 13,677 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. increased its holdings in H&E Equipment Services by 28.7% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 15,335 shares of the industrial products company's stock worth $751,000 after acquiring an additional 3,420 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in H&E Equipment Services during the fourth quarter worth $28,780,000. 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 issued a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, H&E Equipment Services has a consensus rating of "Hold" and an average target price of $71.33.

H&E Equipment Services Stock Performance

Shares of NASDAQ HEES remained flat at $94.64 during midday trading on Friday. 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 business's 50-day moving average price is $92.78 and its 200-day moving average price is $81.93. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28. 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 (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 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 analyst estimates of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm's revenue for the quarter was down 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. On average, equities research analysts predict 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.