H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC boosted its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 124.2% in the 4th quarter, Holdings Channel reports. The firm owned 11,410 shares of the industrial products company’s stock after purchasing an additional 6,320 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in H&E Equipment Services were worth $559,000 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. Meeder Asset Management Inc. boosted its position 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 worth $71,000 after buying an additional 220 shares during the period. Jones Financial Companies Lllp boosted its holdings in H&E Equipment Services by 2.4% during the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 282 shares during the period. Swiss National Bank grew its position in H&E Equipment Services by 0.6% in the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company’s stock valued at $3,163,000 after acquiring an additional 400 shares in the last quarter. Diversified Trust Co increased its stake in H&E Equipment Services by 5.7% during the fourth quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 574 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of H&E Equipment Services by 1.7% during the fourth quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company’s stock worth $2,236,000 after purchasing an additional 745 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HEES shares. UBS Group restated a “neutral” rating and issued a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com started coverage on H&E Equipment Services in a research report on Thursday. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.33.

H&E Equipment Services Price Performance

Shares of HEES opened at $91.97 on Friday. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 23.34 and a beta of 1.87. The firm’s fifty day simple moving average is $92.55 and its 200-day simple moving average is $76.70. H&E Equipment Services, Inc. has a twelve month low of $40.93 and a twelve month high of $101.28. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $362.60 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The firm’s quarterly revenue was down 13.9% on a year-over-year basis. Equities analysts forecast that H&E Equipment Services, Inc. will post 3.25 EPS 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.