Private Capital Management LLC Has $1 Million Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Private Capital Management LLC reduced its position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 22.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,500 shares of the industrial products company's stock after selling 5,900 shares during the period. Private Capital Management LLC owned about 0.06% of H&E Equipment Services worth $1,004,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Access Financial Services Inc. lifted its stake in H&E Equipment Services by 20.4% in the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company's stock valued at $1,027,000 after acquiring an additional 3,555 shares during the last quarter. Renaissance Technologies LLC bought a new position in H&E Equipment Services during the fourth quarter valued at about $359,000. Handelsbanken Fonder AB raised its holdings 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 buying an additional 1,000 shares in the last quarter. Barclays PLC lifted its position in shares of H&E Equipment Services by 185.1% in the third quarter. Barclays PLC now owns 61,018 shares of the industrial products company's stock worth $2,972,000 after buying an additional 39,617 shares during the last quarter. Finally, 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 in the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on H&E Equipment Services in a research note on Friday. They issued a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, H&E Equipment Services has an average rating of "Hold" and a consensus target price of $71.33.

H&E Equipment Services Stock Performance

Shares of NASDAQ HEES traded up $0.06 during trading hours on Tuesday, hitting $96.17. 177,801 shares of the company's stock were exchanged, compared to its average volume of 559,562. The company's 50-day moving average price is $92.77 and its 200-day moving average price is $78.60. H&E Equipment Services, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 24.41 and a beta of 1.87. 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 (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 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 during the quarter, compared to the consensus estimate of $362.60 million. During the same period in the prior year, the company posted $0.71 earnings per share. The firm's revenue was down 13.9% compared to the same quarter last year. On average, sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

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.