UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,203 shares of the industrial products company's stock after buying an additional 16,401 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of H&E Equipment Services worth $3,829,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in shares of H&E Equipment Services in the fourth quarter worth approximately $359,000. Handelsbanken Fonder AB raised its position in H&E Equipment Services by 17.7% in the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company's stock worth $325,000 after acquiring an additional 1,000 shares during the period. Northern Trust Corp boosted its stake in shares of H&E Equipment Services by 9.2% during the 4th quarter. Northern Trust Corp now owns 330,310 shares of the industrial products company's stock worth $16,172,000 after acquiring an additional 27,758 shares during the last quarter. Barclays PLC grew its position in shares of H&E Equipment Services by 185.1% during the 3rd quarter. Barclays PLC now owns 61,018 shares of the industrial products company's stock valued at $2,972,000 after acquiring an additional 39,617 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of H&E Equipment Services by 144.0% in the 4th quarter. Intech Investment Management LLC now owns 17,179 shares of the industrial products company's stock worth $841,000 after purchasing an additional 10,138 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Price Performance

NASDAQ HEES remained flat at $94.64 on Friday. 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. The firm has a market cap of $3.47 billion, a PE ratio of 24.02 and a beta of 1.87. The company's fifty day moving average is $92.78 and its 200-day moving average is $82.29.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.63). The firm had revenue of $319.46 million during the quarter, compared to analysts' expectations of $362.60 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business's revenue for the quarter was down 13.9% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. As a group, sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on H&E Equipment Services in a research report on Friday, May 16th. They set a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $71.33.

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.