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

GAMMA Investing LLC increased its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 8,691.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,967 shares of the industrial products company's stock after acquiring an additional 16,774 shares during the period. GAMMA Investing LLC's holdings in H&E Equipment Services were worth $16,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HEES. Meeder Asset Management Inc. increased its holdings in 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 purchasing an additional 220 shares during the period. Jones Financial Companies Lllp grew its position in shares of H&E Equipment Services by 2.4% during the fourth quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company's stock worth $601,000 after buying an additional 282 shares in the last quarter. Swiss National Bank increased its stake in shares of H&E Equipment Services by 0.6% during the fourth quarter. Swiss National Bank now owns 64,600 shares of the industrial products company's stock worth $3,163,000 after buying an additional 400 shares during the period. Nuveen Asset Management LLC increased its stake in shares of H&E Equipment Services by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company's stock worth $6,408,000 after buying an additional 601 shares during the period. Finally, Rhumbline Advisers raised its holdings in H&E Equipment Services by 1.7% in the fourth quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company's stock valued at $2,236,000 after acquiring an additional 745 shares in the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Performance

Shares of NASDAQ:HEES remained flat at $94.64 on Monday. The company has a 50-day simple moving average of $92.75 and a two-hundred day simple moving average of $82.54. The company has a market cap of $3.47 billion, a P/E ratio of 24.02 and a beta of 1.87. H&E Equipment Services, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28. 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 posted its 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). The business had revenue of $319.46 million for the quarter, compared to analysts' expectations of $362.60 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. H&E Equipment Services's revenue for the quarter was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, equities research analysts forecast that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on shares of H&E Equipment Services in a report 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 assigned a buy rating to the stock. According to data from MarketBeat, H&E Equipment Services has an average rating of "Hold" and a consensus price target of $71.33.

H&E Equipment Services Company 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.