Two Sigma Investments LP Sells 66,978 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Two Sigma Investments LP reduced its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 147,929 shares of the industrial products company's stock after selling 66,978 shares during the period. Two Sigma Investments LP owned 0.40% of H&E Equipment Services worth $7,243,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Victory Capital Management Inc. increased its position in H&E Equipment Services by 1,238.8% during the fourth quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock worth $33,778,000 after acquiring an additional 638,379 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in H&E Equipment Services during the fourth quarter worth $28,780,000. Voya Investment Management LLC lifted its holdings in H&E Equipment Services by 3,914.1% during the 4th 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 last quarter. American Century Companies Inc. boosted its holdings in shares of H&E Equipment Services by 17.2% in the 4th quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company's stock worth $104,493,000 after acquiring an additional 313,880 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of H&E Equipment Services by 34.5% during the fourth quarter. First Trust Advisors LP now owns 623,488 shares of the industrial products company's stock worth $30,526,000 after purchasing an additional 159,976 shares during the last quarter. 84.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on H&E Equipment Services in a research 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 company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $71.33.

H&E Equipment Services Stock Down 0.4%

NASDAQ HEES traded down $0.42 during trading hours on Friday, hitting $94.82. 103,769 shares of the company traded hands, compared to its average volume of 560,843. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 24.07 and a beta of 1.87. H&E Equipment Services, Inc. has a twelve month low of $40.93 and a twelve month high of $101.28. The business's 50-day moving average is $92.88 and its 200-day moving average is $80.19. 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 issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share 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 analyst estimates 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 quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Sell-side analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

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.