H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 3,997.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,824 shares of the industrial products company's stock after purchasing an additional 32,023 shares during the period. Public Employees Retirement System of Ohio owned about 0.09% of H&E Equipment Services worth $1,607,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Westwood Holdings Group Inc. increased its stake in shares of H&E Equipment Services by 2,576.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company's stock worth $41,884,000 after purchasing an additional 823,510 shares during the last quarter. Victory Capital Management Inc. grew its holdings 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 valued at $33,778,000 after purchasing an additional 638,379 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in H&E Equipment Services in the fourth quarter worth $28,780,000. Voya Investment Management LLC increased its position in H&E Equipment Services by 3,914.1% in the fourth quarter. Voya Investment Management LLC now owns 424,809 shares of the industrial products company's stock worth $20,799,000 after buying an additional 414,226 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of 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 valued at $104,493,000 after buying an additional 313,880 shares during the period. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Stock Performance

Shares of HEES remained flat at $94.64 during midday trading on Thursday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The company has a market cap of $3.47 billion, a PE ratio of 24.02 and a beta of 1.87. The stock's 50-day moving average price is $92.81 and its 200-day moving average price is $81.32. H&E Equipment Services, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $0.03 EPS 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 business had revenue of $319.46 million for the quarter, compared to the consensus estimate of $362.60 million. During the same period in the prior year, the business posted $0.71 EPS. H&E Equipment Services's revenue for the quarter was down 13.9% on a year-over-year basis. Sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on H&E Equipment Services in a 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. Based on data from MarketBeat.com, the stock 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.