New England Research & Management Inc. boosted its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,201 shares of the industrial products company’s stock after acquiring an additional 500 shares during the quarter. New England Research & Management Inc.’s holdings in H&E Equipment Services were worth $331,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its holdings in H&E Equipment Services by 2.1% in the 3rd quarter. Teachers Advisors LLC now owns 66,800 shares of the industrial products company’s stock valued at $2,524,000 after buying an additional 1,403 shares during the period. Legal & General Group Plc raised its holdings in H&E Equipment Services by 13.6% in the 3rd quarter. Legal & General Group Plc now owns 12,306 shares of the industrial products company’s stock valued at $465,000 after buying an additional 1,475 shares during the period. Vanguard Group Inc raised its holdings in H&E Equipment Services by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 3,494,256 shares of the industrial products company’s stock valued at $132,012,000 after buying an additional 76,348 shares during the period. Clearbridge Investments LLC raised its holdings in H&E Equipment Services by 2.3% in the 3rd quarter. Clearbridge Investments LLC now owns 1,906,296 shares of the industrial products company’s stock valued at $72,020,000 after buying an additional 42,974 shares during the period. Finally, Vanguard Group Inc. raised its holdings in H&E Equipment Services by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,494,256 shares of the industrial products company’s stock valued at $132,012,000 after buying an additional 76,348 shares during the period. 75.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:HEES opened at $24.43 on Friday. The company has a debt-to-equity ratio of 3.93, a quick ratio of 0.52 and a current ratio of 0.81. The stock has a market cap of $886.93 million, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.80 and a beta of 2.53. H&E Equipment Services, Inc. has a 1 year low of $18.12 and a 1 year high of $44.24.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.03). The business had revenue of $322.14 million for the quarter, compared to analysts’ expectations of $301.40 million. H&E Equipment Services had a return on equity of 35.00% and a net margin of 11.58%. Analysts anticipate that H&E Equipment Services, Inc. will post 1.99 EPS for the current fiscal year.

Several brokerages recently issued reports on HEES. Zacks Investment Research upgraded shares of H&E Equipment Services from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. BidaskClub upgraded shares of H&E Equipment Services from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. UBS Group set a $28.00 price objective on shares of H&E Equipment Services and gave the company a “hold” rating in a report on Monday, November 12th. Finally, Macquarie set a $25.00 price objective on shares of H&E Equipment Services and gave the company a “hold” rating in a report on Friday, October 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. H&E Equipment Services presently has a consensus rating of “Hold” and a consensus target price of $37.80.

In other H&E Equipment Services news, Director Paul Arnold purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 18th. The shares were bought at an average cost of $20.07 per share, for a total transaction of $200,700.00. Following the completion of the purchase, the director now directly owns 68,204 shares of the company’s stock, valued at $1,368,854.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce Bruckmann purchased 22,500 shares of the business’s stock in a transaction on Friday, December 21st. The shares were acquired at an average price of $19.56 per share, for a total transaction of $440,100.00. Following the completion of the purchase, the director now directly owns 767,740 shares of the company’s stock, valued at $15,016,994.40. The disclosure for this purchase can be found here. Insiders have acquired 42,500 shares of company stock worth $845,800 over the last quarter. Insiders own 11.70% of the company’s stock.

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H&E Equipment Services Profile

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.

Read More: Price to Earnings Ratio (PE) Basics

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

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