BNP Paribas Financial Markets Has $581,000 Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

BNP Paribas Financial Markets trimmed its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 73.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in HEES. Barclays PLC lifted 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 worth $2,972,000 after purchasing an additional 39,617 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of H&E Equipment Services in the fourth quarter worth approximately $498,000. abrdn plc lifted its position in shares of H&E Equipment Services by 4.0% in the fourth quarter. abrdn plc now owns 352,615 shares of the industrial products company's stock worth $17,264,000 after purchasing an additional 13,677 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of H&E Equipment Services by 28.7% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 15,335 shares of the industrial products company's stock worth $751,000 after purchasing an additional 3,420 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of H&E Equipment Services in the fourth quarter worth approximately $28,780,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

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 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. Based on data from MarketBeat, H&E Equipment Services has an average rating of "Hold" and a consensus target price of $71.33.

H&E Equipment Services Stock Up 0.2%

HEES traded up $0.16 during midday trading on Thursday, hitting $95.24. 145,923 shares of the company's stock traded hands, compared to its average volume of 562,652. The company has a market cap of $3.49 billion, a PE ratio of 24.17 and a beta of 1.87. The stock's fifty day simple moving average is $92.88 and its 200-day simple moving average is $80.19. 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 one year low of $40.93 and a one year high of $101.28.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. H&E Equipment Services's revenue was down 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. As a group, equities analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal 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.