H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC reduced its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,177 shares of the industrial products company’s stock after selling 2,915 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in H&E Equipment Services were worth $1,820,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Moody Aldrich Partners LLC raised its stake in shares of H&E Equipment Services by 31.6% in the second quarter. Moody Aldrich Partners LLC now owns 41,775 shares of the industrial products company’s stock worth $853,000 after buying an additional 10,030 shares during the last quarter. SG Capital Management LLC purchased a new stake in shares of H&E Equipment Services during the second quarter worth approximately $18,761,000. Spark Investment Management LLC raised its stake in shares of H&E Equipment Services by 9.0% in the second quarter. Spark Investment Management LLC now owns 34,000 shares of the industrial products company’s stock worth $693,000 after buying an additional 2,800 shares during the last quarter. Strs Ohio raised its stake in shares of H&E Equipment Services by 6.2% in the second quarter. Strs Ohio now owns 34,400 shares of the industrial products company’s stock worth $702,000 after buying an additional 2,000 shares during the last quarter. Finally, Wellington Shields Capital Management LLC raised its stake in shares of H&E Equipment Services by 31.9% in the second quarter. Wellington Shields Capital Management LLC now owns 36,800 shares of the industrial products company’s stock worth $751,000 after buying an additional 8,900 shares during the last quarter. 77.19% of the stock is owned by institutional investors and hedge funds.

Shares of H&E Equipment Services, Inc. (NASDAQ HEES) opened at 22.18 on Thursday. The company has a market capitalization of $780.18 million, a price-to-earnings ratio of 20.00 and a beta of 2.55. H&E Equipment Services, Inc. has a 12 month low of $12.72 and a 12 month high of $27.54. The company has a 50-day moving average price of $21.25 and a 200-day moving average price of $22.54.

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

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A number of analysts recently commented on the company. Zacks Investment Research raised H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research report on Wednesday. BidaskClub lowered H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. UBS AG reaffirmed a “sell” rating and issued a $16.00 target price (up from $15.00) on shares of H&E Equipment Services in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of H&E Equipment Services in a research report on Friday, July 28th.

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.

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

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