American International Group Inc. increased its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,442 shares of the industrial products company’s stock after buying an additional 1,288 shares during the period. American International Group Inc. owned approximately 0.06% of H&E Equipment Services worth $477,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in H&E Equipment Services by 83.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,934 shares of the industrial products company’s stock valued at $115,000 after buying an additional 2,239 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in H&E Equipment Services during the fourth quarter valued at about $145,000. First Mercantile Trust Co. boosted its position in 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 valued at $151,000 after buying an additional 1,628 shares during the last quarter. Oxbow Advisors LLC acquired a new position in H&E Equipment Services during the first quarter valued at about $201,000. Finally, Numeric Investors LLC acquired a new position in H&E Equipment Services during the fourth quarter valued at about $232,000. Hedge funds and other institutional investors own 77.19% of the company’s stock.

H&E Equipment Services, Inc. (NASDAQ:HEES) traded down 0.04% during midday trading on Tuesday, hitting $23.04. The stock had a trading volume of 400,374 shares. H&E Equipment Services, Inc. has a 52 week low of $12.72 and a 52 week high of $27.54. The stock has a 50-day moving average of $20.94 and a 200-day moving average of $22.55. The firm has a market cap of $810.43 million, a P/E ratio of 20.78 and a beta of 2.55.

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

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Several brokerages have recently commented on HEES. Zacks Investment Research downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of H&E Equipment Services in a report on Friday, July 28th. BidaskClub raised H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, UBS AG reissued a “sell” rating and issued a $16.00 price objective (up from $15.00) on shares of H&E Equipment Services in a research note on Monday, July 31st.

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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