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

Westwood Holdings Group Inc. lifted its position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 2,576.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 855,476 shares of the industrial products company's stock after purchasing an additional 823,510 shares during the quarter. Westwood Holdings Group Inc. owned 2.34% of H&E Equipment Services worth $41,884,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HEES. Meeder Asset Management Inc. grew its position in H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after acquiring an additional 220 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in H&E Equipment Services by 38.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock valued at $190,000 after acquiring an additional 1,166 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in 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 valued at $299,000 after acquiring an additional 799 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in H&E Equipment Services in the fourth quarter valued at about $313,000. Finally, Handelsbanken Fonder AB boosted its holdings 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 valued at $325,000 after acquiring an additional 1,000 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on H&E Equipment Services in a report on Friday, May 16th. They issued a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, H&E Equipment Services has an average rating of "Hold" and an average target price of $71.33.

H&E Equipment Services Trading Down 0.3%

NASDAQ:HEES traded down $0.32 during mid-day trading on Friday, hitting $94.64. The company had a trading volume of 247,827 shares, compared to its average volume of 564,747. H&E Equipment Services, Inc. has a fifty-two week low of $40.93 and a fifty-two week high of $101.28. The business's fifty day moving average is $92.88 and its two-hundred day moving average is $79.58. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The firm has a market cap of $3.47 billion, a P/E ratio of 24.02 and a beta of 1.87.

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 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.63). The company had revenue of $319.46 million during the quarter, compared to analyst estimates of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company's quarterly revenue was down 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. As a group, research analysts expect 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.