Ameriprise Financial Inc. Purchases New Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Ameriprise Financial Inc. bought a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 50,232 shares of the industrial products company’s stock, valued at approximately $1,467,000. Ameriprise Financial Inc. owned approximately 0.14% of H&E Equipment Services as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 361 Capital LLC bought a new stake in shares of H&E Equipment Services during the third quarter worth about $2,521,000. SG Americas Securities LLC bought a new stake in shares of H&E Equipment Services during the third quarter worth about $159,000. Russell Investments Group Ltd. grew its holdings in shares of H&E Equipment Services by 191.8% during the third quarter. Russell Investments Group Ltd. now owns 65,377 shares of the industrial products company’s stock worth $1,909,000 after purchasing an additional 42,973 shares during the last quarter. Wellington Shields & Co. LLC bought a new stake in shares of H&E Equipment Services during the third quarter worth about $323,000. Finally, Tygh Capital Management Inc. acquired a new position in shares of H&E Equipment Services in the third quarter worth approximately $9,090,000. Institutional investors own 75.45% of the company’s stock.

HEES has been the topic of a number of recent analyst reports. Bank of America began coverage on H&E Equipment Services in a research report on Tuesday, September 26th. They set a “buy” rating and a $33.00 target price on the stock. ValuEngine lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. UBS Group upped their price target on H&E Equipment Services from $16.00 to $17.00 and gave the stock a “sell” rating in a report on Friday, October 27th. Finally, Buckingham Research began coverage on H&E Equipment Services in a report on Tuesday, November 21st. They set a “buy” rating and a $39.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. H&E Equipment Services has an average rating of “Buy” and a consensus price target of $31.40.

H&E Equipment Services, Inc. (NASDAQ HEES) opened at $40.01 on Wednesday. The stock has a market capitalization of $1,455.15, a price-to-earnings ratio of 39.23, a price-to-earnings-growth ratio of 1.26 and a beta of 2.90. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.06 and a quick ratio of 0.71. H&E Equipment Services, Inc. has a 12 month low of $17.44 and a 12 month high of $41.44.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.32. H&E Equipment Services had a return on equity of 38.83% and a net margin of 3.69%. The firm had revenue of $259.16 million for the quarter, compared to analysts’ expectations of $252.94 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities research analysts expect that H&E Equipment Services, Inc. will post 1.6 earnings per share for the current fiscal year.

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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.

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

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