Westwood Holdings Group Inc. Has $41.88 Million Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Westwood Holdings Group Inc. grew its position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 2,576.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 855,476 shares of the industrial products company's stock after purchasing an additional 823,510 shares during the period. Westwood Holdings Group Inc. owned about 2.34% of H&E Equipment Services worth $41,884,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HEES. Meeder Asset Management Inc. raised its stake in 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 worth $71,000 after buying an additional 220 shares during the period. CIBC Private Wealth Group LLC raised its stake in H&E Equipment Services by 38.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock worth $190,000 after buying an additional 1,166 shares during the period. Commonwealth Equity Services LLC raised its holdings in H&E Equipment Services by 15.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock worth $299,000 after buying an additional 799 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in H&E Equipment Services during the 4th quarter worth approximately $313,000. Finally, Handelsbanken Fonder AB raised its holdings in H&E Equipment Services by 17.7% during the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company's stock worth $325,000 after buying an additional 1,000 shares during the period. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of H&E Equipment Services in a report on Friday. 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 company. According to data from MarketBeat, H&E Equipment Services presently has a consensus rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Stock Down 0.2%

H&E Equipment Services stock opened at $96.11 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28. The company has a fifty day simple moving average of $92.77 and a 200 day simple moving average of $78.60. The company has a market cap of $3.52 billion, a P/E ratio of 24.39 and a beta of 1.87.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its quarterly 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 return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $319.46 million for the quarter, compared to the consensus estimate of $362.60 million. During the same period last year, the firm earned $0.71 earnings per share. The company's quarterly revenue was down 13.9% compared to the same quarter last year. Research analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal 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.

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