H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 108.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 298 shares of the industrial products company’s stock after purchasing an additional 155 shares during the quarter. Farther Finance Advisors LLC’s holdings in H&E Equipment Services were worth $28,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Meeder Asset Management Inc. boosted its position in 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 acquiring an additional 220 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in H&E Equipment Services by 38.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after acquiring an additional 1,166 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in H&E Equipment Services by 15.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 799 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in H&E Equipment Services during the fourth quarter worth about $313,000. Finally, Handelsbanken Fonder AB boosted its position in H&E Equipment Services by 17.7% during the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

Analyst Ratings Changes

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

H&E Equipment Services Price Performance

H&E Equipment Services stock opened at $94.64 on Thursday. The company’s 50 day simple moving average is $93.37 and its 200-day simple moving average is $85.14. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 24.02 and a beta of 1.87. H&E Equipment Services, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

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

H&E Equipment Services Company 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.