H&E Equipment Services, Inc. (NASDAQ:HEES) Stake Raised by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,953 shares of the industrial products company’s stock after purchasing an additional 2,146 shares during the period. Price T Rowe Associates Inc. MD’s holdings in H&E Equipment Services were worth $1,173,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HEES. Barclays PLC boosted its holdings in H&E Equipment Services by 185.1% during the third quarter. Barclays PLC now owns 61,018 shares of the industrial products company’s stock worth $2,972,000 after buying an additional 39,617 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of H&E Equipment Services by 5.7% during the fourth quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 574 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of H&E Equipment Services by 7.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 28,045 shares of the industrial products company’s stock valued at $1,370,000 after purchasing an additional 1,935 shares during the period. Access Financial Services Inc. increased its stake in H&E Equipment Services by 20.4% in the 4th quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock worth $1,027,000 after purchasing an additional 3,555 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in H&E Equipment Services during the 4th quarter worth about $498,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Price Performance

Shares of NASDAQ:HEES opened at $91.97 on Friday. The business has a fifty day simple moving average of $92.55 and a 200 day simple moving average of $76.55. 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, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 23.34 and a beta of 1.87.

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 (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.63). The business had revenue of $319.46 million during the quarter, compared to analyst estimates of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. As a group, sell-side analysts predict that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on HEES shares. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Thursday. They issued a “hold” rating for the company. UBS Group reiterated a “neutral” rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $71.33.

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.