GSA Capital Partners LLP Lowers Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

GSA Capital Partners LLP lessened its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 59.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,778 shares of the industrial products company's stock after selling 28,483 shares during the period. GSA Capital Partners LLP owned about 0.05% of H&E Equipment Services worth $963,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in H&E Equipment Services during the 1st quarter valued at $170,000. Sei Investments Co. purchased a new stake in H&E Equipment Services in the first quarter worth about $1,233,000. QRG Capital Management Inc. bought a new position in H&E Equipment Services during the 1st quarter worth about $217,000. ProShare Advisors LLC grew its holdings in H&E Equipment Services by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 5,781 shares of the industrial products company's stock worth $371,000 after acquiring an additional 454 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in H&E Equipment Services by 56.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,376 shares of the industrial products company's stock valued at $923,000 after purchasing an additional 5,190 shares during the period. Hedge funds and other institutional investors own 84.08% of the company's stock.

H&E Equipment Services Stock Down 1.6 %

Shares of HEES traded down $0.92 during midday trading on Friday, hitting $58.41. 174,328 shares of the company's stock traded hands, compared to its average volume of 273,115. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $66.18. The firm's fifty day moving average is $51.25 and its 200-day moving average is $48.37. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 13.53 and a beta of 1.82.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. During the same quarter in the previous year, the company posted $1.46 EPS. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HEES shares. KeyCorp assumed coverage on shares of H&E Equipment Services in a report on Friday, August 9th. They set a "sector weight" rating on the stock. UBS Group cut their price target on H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus reduced their price target on H&E Equipment Services from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. Finally, B. Riley reaffirmed a "buy" rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.25.

H&E Equipment Services Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.