H&E Equipment Services, Inc. (HEES) Holdings Reduced by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY reduced its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 56.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,869 shares of the industrial products company’s stock after selling 12,586 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in H&E Equipment Services were worth $401,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. American International Group Inc. grew its stake in H&E Equipment Services by 8.1% in the 3rd quarter. American International Group Inc. now owns 21,130 shares of the industrial products company’s stock worth $617,000 after acquiring an additional 1,580 shares during the period. SG Americas Securities LLC boosted its holdings in shares of H&E Equipment Services by 29.3% in the 4th quarter. SG Americas Securities LLC now owns 7,056 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 1,597 shares during the last quarter. HBK Investments L P boosted its holdings in shares of H&E Equipment Services by 14.8% in the 4th quarter. HBK Investments L P now owns 16,954 shares of the industrial products company’s stock valued at $689,000 after purchasing an additional 2,182 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of H&E Equipment Services by 66.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,869 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 3,139 shares during the last quarter. Finally, Baker Ellis Asset Management LLC acquired a new position in shares of H&E Equipment Services in the 4th quarter valued at $163,000. 75.95% of the stock is owned by hedge funds and other institutional investors.

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Shares of HEES opened at $38.93 on Monday. The firm has a market capitalization of $1,397.36, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.40 and a beta of 2.48. H&E Equipment Services, Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $44.24. The company has a current ratio of 2.38, a quick ratio of 1.96 and a debt-to-equity ratio of 4.36.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.35. The company had revenue of $294.67 million for the quarter, compared to analyst estimates of $258.80 million. H&E Equipment Services had a net margin of 10.65% and a return on equity of 43.81%. sell-side analysts forecast that H&E Equipment Services, Inc. will post 1.94 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on HEES shares. ValuEngine upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Stifel Nicolaus started coverage on shares of H&E Equipment Services in a report on Thursday, February 15th. They issued a “buy” rating and a $46.00 price target on the stock. UBS reiterated a “sell” rating and issued a $18.00 price target (up previously from $17.00) on shares of H&E Equipment Services in a report on Friday, February 23rd. Finally, Bank of America set a $45.00 price target on shares of H&E Equipment Services and gave the company a “buy” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $36.00.

In related news, CFO Leslie S. Magee sold 20,000 shares of H&E Equipment Services stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $42.45, for a total transaction of $849,000.00. Following the transaction, the chief financial officer now owns 63,428 shares in the company, valued at approximately $2,692,518.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Engquist sold 1,696 shares of H&E Equipment Services stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $40.02, for a total transaction of $67,873.92. Following the transaction, the chief executive officer now owns 2,595,626 shares in the company, valued at approximately $103,876,952.52. The disclosure for this sale can be found here. Insiders have sold a total of 208,791 shares of company stock worth $8,703,315 in the last 90 days. Company insiders own 12.00% of the company’s stock.

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H&E Equipment Services Company Profile

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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

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