Wellington Shields Capital Management LLC trimmed its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 19.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,100 shares of the industrial products company’s stock after selling 4,600 shares during the quarter. Wellington Shields Capital Management LLC owned approximately 0.05% of H&E Equipment Services worth $551,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of H&E Equipment Services by 30.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,736 shares of the industrial products company’s stock valued at $80,000 after buying an additional 636 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in H&E Equipment Services during the second quarter valued at $91,000. Robeco Institutional Asset Management B.V. acquired a new stake in H&E Equipment Services during the third quarter valued at $202,000. Envestnet Asset Management Inc. acquired a new stake in H&E Equipment Services during the second quarter valued at $213,000. Finally, Alberta Investment Management Corp acquired a new stake in H&E Equipment Services during the third quarter valued at $335,000. Institutional investors and hedge funds own 71.70% of the company’s stock.
In other H&E Equipment Services news, CEO Bradley W. Barber sold 21,273 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $36.91, for a total value of $785,186.43. Following the completion of the sale, the chief executive officer now owns 92,469 shares of the company’s stock, valued at $3,413,030.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.50% of the stock is owned by insiders.
HEES traded down $0.60 during trading on Tuesday, reaching $36.15. 275,900 shares of the stock traded hands, compared to its average volume of 236,605. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.20 and a beta of 2.98. H&E Equipment Services, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $37.85. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.69 and a quick ratio of 0.47. The stock’s 50-day simple moving average is $30.99 and its two-hundred day simple moving average is $28.21.
H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. H&E Equipment Services had a return on equity of 33.21% and a net margin of 6.71%. The company had revenue of $353.00 million during the quarter, compared to analysts’ expectations of $341.41 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Research analysts anticipate that H&E Equipment Services, Inc. will post 2.59 earnings per share for the current fiscal year.
H&E Equipment Services Company Profile
H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.
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