H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC raised its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 49.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,087 shares of the industrial products company's stock after purchasing an additional 2,990 shares during the quarter. ProShare Advisors LLC's holdings in H&E Equipment Services were worth $445,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Nuveen Asset Management LLC increased its stake in H&E Equipment Services by 0.5% during the 4th quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company's stock valued at $6,408,000 after purchasing an additional 601 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of H&E Equipment Services by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 469,565 shares of the industrial products company's stock worth $22,990,000 after acquiring an additional 25,178 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of H&E Equipment Services in the fourth quarter worth $731,000. Deutsche Bank AG increased its stake in shares of H&E Equipment Services by 3.7% in the fourth quarter. Deutsche Bank AG now owns 247,070 shares of the industrial products company's stock worth $12,097,000 after acquiring an additional 8,854 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of H&E Equipment Services by 12.8% in the fourth quarter. Cetera Investment Advisers now owns 7,595 shares of the industrial products company's stock worth $372,000 after acquiring an additional 861 shares during the period. Institutional investors and hedge funds own 84.08% of the company's stock.

H&E Equipment Services Stock Performance

NASDAQ HEES traded up $0.16 during mid-day trading on Thursday, reaching $95.24. 145,923 shares of the stock were exchanged, compared to its average volume of 562,652. The business's 50 day moving average is $92.88 and its 200-day moving average is $80.19. 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 market capitalization of $3.49 billion, a P/E ratio of 24.17 and a beta of 1.87. 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 announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.63). The firm 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%. The business's quarterly revenue was down 13.9% on a year-over-year basis. During the same period last year, the company posted $0.71 earnings per share. On average, equities research analysts forecast that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.