SG Capital Management LLC acquired a new position in H&E Equipment Services, Inc. (NASDAQ:HEES) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 919,216 shares of the industrial products company’s stock, valued at approximately $18,761,000. H&E Equipment Services accounts for approximately 3.3% of SG Capital Management LLC’s investment portfolio, making the stock its 7th largest position. SG Capital Management LLC owned approximately 2.61% of H&E Equipment Services as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new stake in shares of H&E Equipment Services during the fourth quarter worth $145,000. First Mercantile Trust Co. boosted its stake in shares of H&E Equipment Services by 35.9% in the first quarter. First Mercantile Trust Co. now owns 6,163 shares of the industrial products company’s stock worth $151,000 after buying an additional 1,628 shares during the period. Oxbow Advisors LLC purchased a new stake in shares of H&E Equipment Services during the first quarter worth approximately $201,000. Renaissance Technologies LLC purchased a new stake in shares of H&E Equipment Services during the first quarter worth approximately $230,000. Finally, Aperio Group LLC boosted its stake in shares of H&E Equipment Services by 13.1% in the second quarter. Aperio Group LLC now owns 14,300 shares of the industrial products company’s stock worth $292,000 after buying an additional 1,652 shares during the period. Institutional investors own 77.19% of the company’s stock.

H&E Equipment Services, Inc. (NASDAQ HEES) traded up 0.56% on Friday, reaching $21.59. The company’s stock had a trading volume of 185,408 shares. H&E Equipment Services, Inc. has a 12-month low of $12.72 and a 12-month high of $27.54. The stock has a market cap of $759.43 million, a PE ratio of 19.47 and a beta of 2.55. The company’s 50 day moving average price is $21.44 and its 200-day moving average price is $22.52.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The firm had revenue of $249.40 million for the quarter, compared to the consensus estimate of $237.81 million. H&E Equipment Services had a net margin of 4.08% and a return on equity of 27.93%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, equities analysts expect that H&E Equipment Services, Inc. will post $1.21 EPS for the current year.

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HEES has been the topic of several analyst reports. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. BidaskClub raised H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of H&E Equipment Services in a research report on Friday, July 28th. Finally, UBS AG reissued a “sell” rating and issued a $16.00 price objective (up previously from $15.00) on shares of H&E Equipment Services in a research report on Monday, July 31st.

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.

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

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