Tower Research Capital LLC TRC Sells 6,353 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Tower Research Capital LLC TRC lessened its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 87.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 936 shares of the industrial products company's stock after selling 6,353 shares during the quarter. Tower Research Capital LLC TRC's holdings in H&E Equipment Services were worth $46,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of H&E Equipment Services by 17.2% during the 4th quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company's stock worth $104,493,000 after acquiring an additional 313,880 shares in the last quarter. Pertento Partners LLP increased its position in shares of H&E Equipment Services by 13.1% during the 4th quarter. Pertento Partners LLP now owns 1,030,094 shares of the industrial products company's stock valued at $50,433,000 after purchasing an additional 119,151 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of H&E Equipment Services by 1,238.8% during the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock valued at $33,778,000 after purchasing an additional 638,379 shares during the last quarter. First Trust Advisors LP increased its position in shares of H&E Equipment Services by 34.5% during the 4th quarter. First Trust Advisors LP now owns 623,488 shares of the industrial products company's stock valued at $30,526,000 after purchasing an additional 159,976 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of H&E Equipment Services during the 4th quarter valued at approximately $28,780,000. Institutional investors own 84.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HEES shares. UBS Group reissued a "neutral" rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com started coverage on H&E Equipment Services in a research report on Thursday, May 8th. They set a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $71.33.

H&E Equipment Services Stock Performance

Shares of H&E Equipment Services stock opened at $95.18 on Wednesday. The stock's fifty day moving average is $92.56 and its two-hundred day moving average is $77.12. The company has a market capitalization of $3.49 billion, a PE ratio of 24.16 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. H&E Equipment Services, Inc. has a 52 week low of $40.93 and a 52 week high of $101.28.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings data 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 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 last year, the company earned $0.71 EPS. The business's revenue was down 13.9% compared to the same quarter last year. As a group, analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share 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.

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