H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Acquired by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC boosted its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 29.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,111 shares of the industrial products company’s stock after acquiring an additional 44,273 shares during the quarter. H&E Equipment Services accounts for about 1.5% of Gilman Hill Asset Management LLC’s holdings, making the stock its 23rd biggest holding. Gilman Hill Asset Management LLC owned 0.53% of H&E Equipment Services worth $3,777,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Morgan Stanley raised its holdings in H&E Equipment Services by 45.8% in the first quarter. Morgan Stanley now owns 217,270 shares of the industrial products company’s stock valued at $3,189,000 after acquiring an additional 68,281 shares in the last quarter. Deutsche Bank AG raised its holdings in H&E Equipment Services by 9.8% during the first quarter. Deutsche Bank AG now owns 382,637 shares of the industrial products company’s stock worth $5,617,000 after purchasing an additional 34,158 shares in the last quarter. AQR Capital Management LLC raised its holdings in H&E Equipment Services by 153.7% during the first quarter. AQR Capital Management LLC now owns 31,464 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 19,060 shares in the last quarter. Clearbridge Investments LLC raised its holdings in H&E Equipment Services by 0.8% during the first quarter. Clearbridge Investments LLC now owns 2,332,466 shares of the industrial products company’s stock worth $34,241,000 after purchasing an additional 19,389 shares in the last quarter. Finally, Tudor Investment Corp Et Al raised its holdings in H&E Equipment Services by 183.7% during the first quarter. Tudor Investment Corp Et Al now owns 18,074 shares of the industrial products company’s stock worth $265,000 after purchasing an additional 11,704 shares in the last quarter. 67.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HEES opened at $23.14 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 3.61. The firm has a market cap of $831.03 million, a PE ratio of 37.93, a price-to-earnings-growth ratio of 10.56 and a beta of 2.41. The company’s 50 day simple moving average is $20.97 and its 200-day simple moving average is $18.03. H&E Equipment Services, Inc. has a 12-month low of $9.12 and a 12-month high of $37.85.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.33. H&E Equipment Services had a net margin of 1.75% and a return on equity of 28.42%. The business had revenue of $278.34 million for the quarter, compared to analyst estimates of $269.08 million. During the same period last year, the firm posted $0.63 earnings per share. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, equities research analysts forecast that H&E Equipment Services, Inc. will post 1.2 EPS for the current fiscal year.

HEES has been the topic of a number of research analyst reports. BidaskClub cut shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine cut shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday, October 7th. Finally, Royal Bank of Canada restated a “buy” rating and set a $27.00 target price on shares of H&E Equipment Services in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. H&E Equipment Services currently has an average rating of “Hold” and an average target price of $25.63.

H&E Equipment Services Profile

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.

Recommended Story: Outperform Rating

Institutional Ownership by Quarter for H&E Equipment Services (NASDAQ:HEES)

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