H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 247,070 shares of the industrial products company’s stock after purchasing an additional 8,854 shares during the period. Deutsche Bank AG’s holdings in H&E Equipment Services were worth $12,097,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of 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 purchasing an additional 220 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of H&E Equipment Services by 38.8% in 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 shares of H&E Equipment Services by 15.0% in 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 stake in shares of H&E Equipment Services in the fourth quarter worth approximately $313,000. Finally, Handelsbanken Fonder AB boosted its position in shares of H&E Equipment Services by 17.7% in 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. 84.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group reissued a “neutral” rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com began coverage on shares of H&E Equipment Services in a research report on Friday. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Trading Up 1.0%

NASDAQ HEES opened at $95.98 on Friday. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28. The company’s 50 day moving average price is $92.66 and its 200 day moving average price is $77.64. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 24.36 and a beta of 1.87.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.03 EPS 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 business had revenue of $319.46 million during the quarter, compared to analysts’ expectations of $362.60 million. During the same quarter in the previous year, the business posted $0.71 EPS. The company’s quarterly revenue was down 13.9% on a year-over-year basis. On average, sell-side analysts predict that H&E Equipment Services, Inc. will post 3.25 EPS for the current 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.