Jane Street Group LLC Sells 41,923 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Jane Street Group LLC lessened its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 88.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,669 shares of the industrial products company’s stock after selling 41,923 shares during the period. Jane Street Group LLC’s holdings in H&E Equipment Services were worth $278,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 220 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of 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 valued at $190,000 after purchasing an additional 1,166 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings 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 valued at $299,000 after purchasing an additional 799 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of H&E Equipment Services in the 4th quarter valued at $313,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of H&E Equipment Services by 17.7% in the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 84.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

H&E Equipment Services Stock Performance

NASDAQ HEES opened at $94.64 on Wednesday. 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 twelve month low of $40.93 and a twelve month high of $101.28. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 24.02 and a beta of 1.87. The business’s fifty day moving average is $92.81 and its 200 day moving average is $81.32.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share 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 firm had revenue of $319.46 million for the quarter, compared to analyst estimates of $362.60 million. During the same period last year, the business earned $0.71 EPS. The company’s revenue was down 13.9% compared to the same quarter last year. As a group, sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal 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.