California State Teachers Retirement System lowered its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 47,999 shares of the industrial products company’s stock after selling 1,683 shares during the period. California State Teachers Retirement System owned about 0.13% of H&E Equipment Services worth $1,847,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in H&E Equipment Services by 6.0% in the 4th quarter. BlackRock Inc. now owns 2,116,893 shares of the industrial products company’s stock worth $86,052,000 after acquiring an additional 119,301 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in H&E Equipment Services by 4.6% in the 1st quarter. JPMorgan Chase & Co. now owns 879,683 shares of the industrial products company’s stock worth $33,859,000 after acquiring an additional 39,010 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in H&E Equipment Services by 1.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 299,632 shares of the industrial products company’s stock worth $11,533,000 after acquiring an additional 3,112 shares during the last quarter. Wells Fargo & Company MN grew its holdings in H&E Equipment Services by 71.3% in the 1st quarter. Wells Fargo & Company MN now owns 174,102 shares of the industrial products company’s stock worth $6,702,000 after acquiring an additional 72,454 shares during the last quarter. Finally, RMB Capital Management LLC grew its holdings in H&E Equipment Services by 4.9% in the 1st quarter. RMB Capital Management LLC now owns 138,263 shares of the industrial products company’s stock worth $5,322,000 after acquiring an additional 6,485 shares during the last quarter. 75.05% of the stock is currently owned by institutional investors.

In other news, CEO John Engquist sold 1,643 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $40.01, for a total value of $65,736.43. Following the completion of the sale, the chief executive officer now directly owns 2,515,934 shares of the company’s stock, valued at approximately $100,662,519.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 11.70% of the company’s stock.

NASDAQ:HEES opened at $39.64 on Friday. H&E Equipment Services, Inc. has a 12 month low of $20.16 and a 12 month high of $44.24. The company has a debt-to-equity ratio of 4.34, a current ratio of 1.61 and a quick ratio of 0.94. The stock has a market capitalization of $1.39 billion, a PE ratio of 11.39, a P/E/G ratio of 1.06 and a beta of 2.49.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Thursday, April 26th. The industrial products company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. H&E Equipment Services had a net margin of 10.69% and a return on equity of 41.36%. The firm had revenue of $260.50 million during the quarter, compared to analysts’ expectations of $249.03 million. During the same period last year, the company posted $0.15 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. research analysts forecast that H&E Equipment Services, Inc. will post 2.1 earnings per share for the current year.

A number of brokerages have issued reports on HEES. BidaskClub lowered shares of H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a report on Friday, July 13th. UBS Group raised shares of H&E Equipment Services from a “sell” rating to a “neutral” rating and set a $18.00 price target on the stock in a report on Wednesday, June 27th. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. ValuEngine lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Finally, Buckingham Research set a $44.00 price target on shares of H&E Equipment Services and gave the stock a “buy” rating in a report on Friday, April 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $38.20.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company. The company rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.

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

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