Schonfeld Strategic Advisors LLC Purchases 6,320 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Schonfeld Strategic Advisors LLC lifted its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 124.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,410 shares of the industrial products company's stock after purchasing an additional 6,320 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in H&E Equipment Services were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HEES. Meeder Asset Management Inc. increased its holdings in H&E Equipment Services by 17.8% in 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 in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in H&E Equipment Services by 38.8% during 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 purchasing an additional 1,166 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in H&E Equipment Services by 15.0% in 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 in the last quarter. KLP Kapitalforvaltning AS purchased a new position in H&E Equipment Services in the 4th quarter worth approximately $313,000. Finally, Handelsbanken Fonder AB grew its stake in H&E Equipment Services by 17.7% during 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 in the last quarter. Institutional investors own 84.08% of the company's stock.

H&E Equipment Services Trading Up 0.3%

NASDAQ HEES traded up $0.33 on Tuesday, hitting $95.18. 740,118 shares of the stock were exchanged, compared to its average volume of 552,661. H&E Equipment Services, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28. The firm has a market capitalization of $3.49 billion, a P/E ratio of 24.16 and a beta of 1.87. 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 stock has a fifty day moving average price of $92.56 and a two-hundred day moving average price of $77.12.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $362.60 million. During the same quarter in the previous year, the firm earned $0.71 EPS. H&E Equipment Services's revenue was down 13.9% compared to the same quarter last year. Research analysts forecast that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

Analysts Set New Price Targets

HEES has been the subject of a number of recent research reports. StockNews.com assumed coverage on shares of H&E Equipment Services in a report on Thursday, May 8th. They issued a "hold" rating for the company. UBS Group reissued a "neutral" rating and issued a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, H&E Equipment Services 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.