BNP Paribas Financial Markets Sells 32,301 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

BNP Paribas Financial Markets reduced its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 73.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,874 shares of the industrial products company's stock after selling 32,301 shares during the quarter. BNP Paribas Financial Markets' holdings in H&E Equipment Services were worth $581,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in H&E Equipment Services by 1,238.8% in the fourth quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock valued at $33,778,000 after acquiring an additional 638,379 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in H&E Equipment Services in the fourth quarter valued at approximately $28,780,000. Voya Investment Management LLC grew its holdings in H&E Equipment Services by 3,914.1% during the fourth quarter. Voya Investment Management LLC now owns 424,809 shares of the industrial products company's stock valued at $20,799,000 after purchasing an additional 414,226 shares during the period. American Century Companies Inc. increased its position in H&E Equipment Services by 17.2% in the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company's stock worth $104,493,000 after buying an additional 313,880 shares during the last quarter. Finally, First Trust Advisors LP increased its position in H&E Equipment Services by 34.5% in the fourth quarter. First Trust Advisors LP now owns 623,488 shares of the industrial products company's stock worth $30,526,000 after buying an additional 159,976 shares during the last quarter. Institutional investors own 84.08% of the company's stock.

H&E Equipment Services Stock Performance

H&E Equipment Services stock traded up $0.82 during mid-day trading on Tuesday, reaching $95.46. The company's stock had a trading volume of 431,948 shares, compared to its average volume of 564,216. The firm's fifty day moving average price is $92.88 and its two-hundred day moving average price is $79.97. 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, Inc. has a 12-month low of $40.93 and a 12-month high of $101.28. The company has a market capitalization of $3.50 billion, a P/E ratio of 24.23 and a beta of 1.87.

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 for the quarter, missing the consensus estimate of $0.66 by ($0.63). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company had revenue of $319.46 million during the quarter, compared to analysts' expectations of $362.60 million. During the same quarter last year, the firm posted $0.71 earnings per share. H&E Equipment Services's revenue for the quarter was down 13.9% compared to the same quarter last year. Sell-side analysts predict that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on H&E Equipment Services in a research note 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $71.33.

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.