Gabelli Funds LLC Sells 1,200 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Gabelli Funds LLC trimmed its position in H&E Equipment Services, Inc. (NASDAQ:HEESFree Report) by 4.0% in the 3rd quarter, Holdings Channel reports. The firm owned 28,500 shares of the industrial products company’s stock after selling 1,200 shares during the quarter. Gabelli Funds LLC’s holdings in H&E Equipment Services were worth $1,231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Raymond James & Associates raised its position in H&E Equipment Services by 8.4% in the 1st quarter. Raymond James & Associates now owns 37,020 shares of the industrial products company’s stock worth $1,611,000 after purchasing an additional 2,864 shares during the period. MetLife Investment Management LLC raised its position in H&E Equipment Services by 37.8% in the 1st quarter. MetLife Investment Management LLC now owns 16,721 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 4,587 shares during the period. Vanguard Group Inc. raised its position in H&E Equipment Services by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 3,142,831 shares of the industrial products company’s stock worth $136,776,000 after purchasing an additional 95,195 shares during the period. Prudential Financial Inc. purchased a new position in H&E Equipment Services in the 1st quarter worth $378,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in H&E Equipment Services in the 1st quarter worth $2,150,000. Hedge funds and other institutional investors own 76.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HEES. StockNews.com raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Stifel Nicolaus raised their price target on shares of H&E Equipment Services from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th.

View Our Latest Analysis on HEES

H&E Equipment Services Trading Up 1.2 %

Shares of HEES opened at $55.01 on Friday. The firm’s 50-day moving average price is $50.86 and its 200-day moving average price is $46.56. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.84 and a beta of 1.95. The company has a current ratio of 1.85, a quick ratio of 1.23 and a debt-to-equity ratio of 2.84. H&E Equipment Services, Inc. has a 1-year low of $32.33 and a 1-year high of $56.47.

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.

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

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