Wellington Shields Capital Management LLC reduced its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 19.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 19,100 shares of the industrial products company’s stock after selling 4,600 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in H&E Equipment Services were worth $551,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of H&E Equipment Services by 30.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,736 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 636 shares during the period. Quantamental Technologies LLC bought a new stake in shares of H&E Equipment Services in the 2nd quarter valued at approximately $91,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of H&E Equipment Services in the 3rd quarter valued at approximately $202,000. Envestnet Asset Management Inc. bought a new stake in shares of H&E Equipment Services in the 2nd quarter valued at approximately $213,000. Finally, Alberta Investment Management Corp bought a new stake in shares of H&E Equipment Services in the 3rd quarter valued at approximately $335,000. Institutional investors own 71.70% of the company’s stock.

Several research firms have recently weighed in on HEES. ValuEngine upgraded H&E Equipment Services from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. Buckingham Research upped their price objective on H&E Equipment Services from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Monday. BidaskClub upgraded H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, Zacks Investment Research upgraded H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research note on Saturday, October 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.20.

In related news, CEO Bradley W. Barber sold 21,273 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $36.91, for a total transaction of $785,186.43. Following the sale, the chief executive officer now directly owns 92,469 shares in the company, valued at approximately $3,413,030.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.50% of the stock is owned by corporate insiders.

Shares of HEES stock traded down $0.60 during trading hours on Tuesday, hitting $36.15. The company had a trading volume of 275,900 shares, compared to its average volume of 236,605. H&E Equipment Services, Inc. has a 12 month low of $18.12 and a 12 month high of $37.85. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.20 and a beta of 2.98. The firm’s fifty day moving average is $30.99 and its 200 day moving average is $28.21. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.47 and a current ratio of 0.69.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Thursday, October 24th. The industrial products company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. The company had revenue of $353.00 million for the quarter, compared to analyst estimates of $341.41 million. H&E Equipment Services had a return on equity of 33.21% and a net margin of 6.71%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. On average, sell-side analysts expect that H&E Equipment Services, Inc. will post 2.59 EPS for the current fiscal year.

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

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