MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 469,565 shares of the industrial products company's stock after purchasing an additional 25,178 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.28% of H&E Equipment Services worth $22,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its stake in shares of H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after buying an additional 220 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of 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 purchasing an additional 1,166 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of 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 purchasing an additional 799 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of H&E Equipment Services in the fourth quarter valued at $313,000. Finally, Handelsbanken Fonder AB grew its position in shares of 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 purchasing an additional 1,000 shares during the period. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

H&E Equipment Services Trading Up 0.1%

Shares of HEES stock traded up $0.10 on Tuesday, reaching $96.21. 135,163 shares of the stock were exchanged, compared to its average volume of 559,356. 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 cap of $3.53 billion, a P/E ratio of 24.42 and a beta of 1.87. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The firm has a 50 day moving average of $92.77 and a two-hundred day moving average of $78.60.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. On average, research analysts anticipate that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

About H&E Equipment Services

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.