Teacher Retirement System of Texas Purchases New Shares in H&E Equipment Services, Inc. (NASDAQ:HEES)

Teacher Retirement System of Texas acquired a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 8,867 shares of the industrial products company’s stock, valued at approximately $841,000.

Several other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of H&E Equipment Services by 108.4% in the first quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 155 shares during the period. Meeder Asset Management Inc. boosted its holdings in 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. KBC Group NV purchased a new stake in shares of H&E Equipment Services in the 1st quarter valued at approximately $134,000. CIBC Private Wealth Group LLC increased its holdings in shares of H&E Equipment Services by 38.8% during 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 during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of H&E Equipment Services by 15.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock worth $299,000 after buying an additional 799 shares during the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Performance

Shares of H&E Equipment Services stock opened at $94.64 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The firm has a market cap 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 52-week low of $40.93 and a 52-week high of $101.28. The company’s 50-day simple moving average is $94.46 and its 200-day simple moving average is $89.08.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.63). The company had revenue of $319.46 million for the quarter, compared to analysts’ expectations of $362.60 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm’s quarterly revenue was down 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 EPS. As a group, equities research analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on shares of H&E Equipment Services in a research report on Friday, May 16th. They set a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, H&E Equipment Services currently has a consensus rating of “Hold” and a consensus target price 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.