Jane Street Group LLC Sells 41,923 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Jane Street Group LLC trimmed its position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 88.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,669 shares of the industrial products company's stock after selling 41,923 shares during the period. Jane Street Group LLC's holdings in H&E Equipment Services were worth $278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its position in shares of 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 valued at $71,000 after buying an additional 220 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of H&E Equipment Services by 2.4% in 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 raised its holdings in shares of H&E Equipment Services by 0.6% in the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company's stock valued at $3,163,000 after acquiring an additional 400 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of H&E Equipment Services by 1.7% during the fourth quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company's stock worth $2,236,000 after purchasing an additional 745 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of H&E Equipment Services by 15.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock worth $299,000 after purchasing an additional 799 shares during the last quarter. Hedge funds and other institutional investors own 84.08% of the company's stock.

H&E Equipment Services Stock Performance

HEES remained flat at $94.64 during midday trading on Thursday. The stock's fifty day moving average price is $92.81 and its two-hundred day moving average price is $81.32. H&E Equipment Services, Inc. has a 12-month low of $40.93 and a 12-month high of $101.28. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 24.02 and a beta of 1.87. 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 (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings data 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 company 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%. The firm's quarterly revenue was down 13.9% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. As a group, equities research analysts expect that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of H&E Equipment Services in a report on Friday, May 16th. They issued a "hold" rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.