SG Capital Management LLC acquired a new position in H&E Equipment Services, Inc. (NASDAQ:HEES) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 919,216 shares of the industrial products company’s stock, valued at approximately $18,761,000. H&E Equipment Services accounts for approximately 3.3% of SG Capital Management LLC’s investment portfolio, making the stock its 7th largest position. SG Capital Management LLC owned approximately 2.61% of H&E Equipment Services as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new stake in shares of H&E Equipment Services during the fourth quarter worth $145,000. First Mercantile Trust Co. boosted its stake in shares of H&E Equipment Services by 35.9% in the first quarter. First Mercantile Trust Co. now owns 6,163 shares of the industrial products company’s stock worth $151,000 after buying an additional 1,628 shares during the period. Oxbow Advisors LLC purchased a new stake in shares of H&E Equipment Services during the first quarter worth approximately $201,000. Renaissance Technologies LLC purchased a new stake in shares of H&E Equipment Services during the first quarter worth approximately $230,000. Finally, Aperio Group LLC boosted its stake in shares of H&E Equipment Services by 13.1% in the second quarter. Aperio Group LLC now owns 14,300 shares of the industrial products company’s stock worth $292,000 after buying an additional 1,652 shares during the period. Institutional investors own 77.19% of the company’s stock.
Shares of H&E Equipment Services, Inc. (NASDAQ HEES) traded up 0.56% during mid-day trading on Friday, hitting $21.59. The company’s stock had a trading volume of 185,408 shares. The stock’s 50 day moving average price is $21.44 and its 200 day moving average price is $22.52. The company has a market cap of $759.43 million, a price-to-earnings ratio of 19.47 and a beta of 2.55. H&E Equipment Services, Inc. has a 52-week low of $12.72 and a 52-week high of $27.54.
H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. H&E Equipment Services had a net margin of 4.08% and a return on equity of 27.93%. The company had revenue of $249.40 million for the quarter, compared to analyst estimates of $237.81 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that H&E Equipment Services, Inc. will post $1.21 EPS for the current year.
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A number of equities research analysts have commented on HEES shares. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. BidaskClub raised H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of H&E Equipment Services in a research report on Friday, July 28th. Finally, UBS AG reaffirmed a “sell” rating and set a $16.00 target price (up previously from $15.00) on shares of H&E Equipment Services in a research report on Monday, July 31st.
H&E Equipment Services Company Profile
H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.
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