GSA Capital Partners LLP Sells 28,483 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

GSA Capital Partners LLP lowered its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 59.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,778 shares of the industrial products company’s stock after selling 28,483 shares during the period. GSA Capital Partners LLP owned 0.05% of H&E Equipment Services worth $963,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HEES. SG Americas Securities LLC bought a new stake in H&E Equipment Services during the first quarter worth $170,000. Sei Investments Co. bought a new stake in shares of H&E Equipment Services in the 1st quarter valued at about $1,233,000. QRG Capital Management Inc. acquired a new stake in H&E Equipment Services in the 1st quarter valued at about $217,000. ProShare Advisors LLC grew its holdings in H&E Equipment Services by 8.5% during the first quarter. ProShare Advisors LLC now owns 5,781 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 454 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in H&E Equipment Services by 56.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 14,376 shares of the industrial products company’s stock worth $923,000 after buying an additional 5,190 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group reduced their target price on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. B. Riley reaffirmed a “buy” rating and set a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. KeyCorp assumed coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They issued a “sector weight” rating on the stock. Finally, Stifel Nicolaus reduced their target price on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.25.

H&E Equipment Services Trading Down 1.6 %

Shares of H&E Equipment Services stock opened at $58.41 on Friday. 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 firm has a 50-day moving average of $50.95 and a 200-day moving average of $48.38. H&E Equipment Services, Inc. has a 52-week low of $40.92 and a 52-week high of $66.18. The stock has a market cap of $2.14 billion, a PE ratio of 14.82, a PEG ratio of 13.53 and a beta of 1.82.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. During the same quarter in the previous year, the company earned $1.46 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, sell-side analysts forecast that H&E Equipment Services, Inc. will post 3.34 EPS for the current year.

H&E Equipment Services Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.