H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Acquired by Versor Investments LP

Versor Investments LP increased its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 86.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,781 shares of the industrial products company's stock after buying an additional 9,616 shares during the quarter. Versor Investments LP owned 0.06% of H&E Equipment Services worth $1,012,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in H&E Equipment Services in the 1st quarter valued at $170,000. Sei Investments Co. bought a new position in H&E Equipment Services in the 1st quarter valued at $1,233,000. QRG Capital Management Inc. bought a new position in H&E Equipment Services in the 1st quarter valued at $217,000. ProShare Advisors LLC grew its stake in H&E Equipment Services by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 5,781 shares of the industrial products company's stock valued at $371,000 after purchasing an additional 454 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in H&E Equipment Services by 56.5% in 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. Institutional investors own 84.08% of the company's stock.

H&E Equipment Services Stock Performance

NASDAQ HEES traded down $0.33 on Tuesday, hitting $59.67. 226,848 shares of the company traded hands, compared to its average volume of 273,759. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 13.56 and a beta of 1.82. 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 business's 50 day moving average price is $50.07 and its 200-day moving average price is $48.22. H&E Equipment Services, Inc. has a 52-week low of $40.92 and a 52-week high of $66.18.

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

Wall Street Analysts Forecast Growth

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

About H&E Equipment Services

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.