Quantbot Technologies LP Grows Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Quantbot Technologies LP grew its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEESFree Report) by 59.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,399 shares of the industrial products company’s stock after acquiring an additional 3,513 shares during the quarter. Quantbot Technologies LP’s holdings in H&E Equipment Services were worth $406,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming acquired a new stake in H&E Equipment Services in the second quarter worth approximately $30,000. West Tower Group LLC acquired a new position in H&E Equipment Services in the 2nd quarter valued at approximately $36,000. Sunbelt Securities Inc. purchased a new stake in H&E Equipment Services in the 1st quarter worth approximately $36,000. Tower Research Capital LLC TRC boosted its stake in shares of H&E Equipment Services by 396.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 839 shares of the industrial products company’s stock valued at $37,000 after buying an additional 670 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in H&E Equipment Services during the second quarter valued at approximately $48,000. Institutional investors own 76.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HEES shares. Stifel Nicolaus increased their price target on H&E Equipment Services from $56.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. StockNews.com upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th.

Read Our Latest Stock Report on HEES

H&E Equipment Services Price Performance

Shares of H&E Equipment Services stock opened at $54.35 on Friday. The firm has a market cap of $1.98 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 0.83 and a beta of 1.95. The firm’s 50-day simple moving average is $50.49 and its 200-day simple moving average is $46.46. H&E Equipment Services, Inc. has a twelve month low of $32.33 and a twelve month high of $56.47. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.23 and a current ratio of 1.85.

About H&E Equipment Services

(Free Report)

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, Used Equipment Sales, New Equipment Sales, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.

See Also

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

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