H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 73.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,874 shares of the industrial products company’s stock after selling 32,301 shares during the period. BNP Paribas Financial Markets’ holdings in H&E Equipment Services were worth $581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HEES. Meeder Asset Management Inc. boosted its holdings in shares of H&E Equipment Services by 17.8% in the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 220 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in H&E Equipment Services by 38.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after buying an additional 1,166 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of H&E Equipment Services by 15.0% in 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 last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of H&E Equipment Services in the 4th quarter worth about $313,000. Finally, Handelsbanken Fonder AB grew its position in shares of H&E Equipment Services by 17.7% during the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock valued at $325,000 after buying an additional 1,000 shares during the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Trading Down 0.3%

Shares of NASDAQ:HEES opened at $94.64 on Friday. The company has a 50 day moving average of $92.86 and a 200-day moving average of $79.14. The firm has a market cap of $3.47 billion, a P/E ratio of 24.02 and a beta of 1.87. 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 released its earnings results 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 for the quarter, compared to analyst estimates of $362.60 million. During the same period in the prior year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. As a group, analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on shares of H&E Equipment Services in a research report on Friday, May 16th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, H&E Equipment Services presently has a consensus rating of “Hold” and a consensus price target of $71.33.

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.