Dimensional Fund Advisors LP lifted its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,665,343 shares of the industrial products company’s stock after acquiring an additional 34,766 shares during the period. Dimensional Fund Advisors LP owned approximately 4.73% of H&E Equipment Services worth $33,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. raised its position in shares of H&E Equipment Services by 25.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,539,181 shares of the industrial products company’s stock worth $31,415,000 after acquiring an additional 307,979 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of H&E Equipment Services in the 1st quarter worth about $1,388,000. Bank of New York Mellon Corp raised its position in shares of H&E Equipment Services by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 553,184 shares of the industrial products company’s stock worth $11,289,000 after acquiring an additional 18,143 shares in the last quarter. Rovida Advisors Inc. bought a new position in shares of H&E Equipment Services in the 2nd quarter worth about $8,129,000. Finally, Principal Financial Group Inc. bought a new position in shares of H&E Equipment Services in the 1st quarter worth about $9,072,000. 75.22% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on HEES. Zacks Investment Research lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub upgraded H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. UBS AG restated a “sell” rating and issued a $16.00 target price (up from $15.00) on shares of H&E Equipment Services in a research note on Monday, July 31st. Finally, Royal Bank Of Canada restated a “buy” rating on shares of H&E Equipment Services in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $26.50.

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Shares of H&E Equipment Services, Inc. (HEES) opened at 32.65 on Tuesday. H&E Equipment Services, Inc. has a 52 week low of $12.72 and a 52 week high of $32.90. The firm has a market capitalization of $1.15 billion, a P/E ratio of 29.44 and a beta of 2.65. The stock has a 50 day moving average price of $28.62 and a 200 day moving average price of $23.13.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.32. H&E Equipment Services had a net margin of 3.69% and a return on equity of 38.83%. The company had revenue of $259.16 million during the quarter, compared to the consensus estimate of $252.94 million. During the same period in the prior year, the firm earned $0.33 earnings per share. H&E Equipment Services’s revenue was up 5.9% on a year-over-year basis. Analysts forecast that H&E Equipment Services, Inc. will post $1.50 EPS for the current year.

About H&E Equipment Services

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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