Gilman Hill Asset Management LLC Has $4.97 Million Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Gilman Hill Asset Management LLC trimmed its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,687 shares of the industrial products company’s stock after selling 6,513 shares during the period. H&E Equipment Services accounts for approximately 1.6% of Gilman Hill Asset Management LLC’s holdings, making the stock its 19th largest holding. Gilman Hill Asset Management LLC owned approximately 0.41% of H&E Equipment Services worth $4,971,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HEES. Nuveen Asset Management LLC bought a new position in H&E Equipment Services in the 2nd quarter valued at $8,345,000. Bank of America Corp DE boosted its position in H&E Equipment Services by 64.0% in the 2nd quarter. Bank of America Corp DE now owns 523,292 shares of the industrial products company’s stock valued at $15,223,000 after buying an additional 204,154 shares during the last quarter. BlackRock Inc. boosted its position in H&E Equipment Services by 7.9% in the 2nd quarter. BlackRock Inc. now owns 2,687,107 shares of the industrial products company’s stock valued at $78,169,000 after buying an additional 197,731 shares during the last quarter. Morgan Stanley boosted its position in H&E Equipment Services by 391.6% in the 2nd quarter. Morgan Stanley now owns 149,077 shares of the industrial products company’s stock valued at $4,336,000 after buying an additional 118,753 shares during the last quarter. Finally, SG Capital Management LLC boosted its position in H&E Equipment Services by 26.0% in the 3rd quarter. SG Capital Management LLC now owns 545,320 shares of the industrial products company’s stock valued at $15,738,000 after buying an additional 112,617 shares during the last quarter. 74.05% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on the company. Buckingham Research increased their price objective on H&E Equipment Services from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Bank of America lowered H&E Equipment Services from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. ValuEngine lowered H&E Equipment Services from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Zacks Investment Research upgraded H&E Equipment Services from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, BidaskClub lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Saturday, January 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.60.

In other news, CEO Bradley W. Barber sold 21,273 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $36.91, for a total value of $785,186.43. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 11.50% of the stock is owned by company insiders.

Shares of NASDAQ:HEES traded up $0.12 during midday trading on Friday, hitting $31.53. The company had a trading volume of 21,185 shares, compared to its average volume of 178,018. H&E Equipment Services, Inc. has a 12 month low of $22.52 and a 12 month high of $37.85. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 3.22. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 0.95 and a beta of 2.91. The firm has a fifty day simple moving average of $32.54 and a 200 day simple moving average of $29.90.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.11. H&E Equipment Services had a return on equity of 33.21% and a net margin of 6.71%. The business had revenue of $353.00 million for the quarter, compared to analyst estimates of $341.41 million. During the same period last year, the company earned $0.59 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Equities analysts forecast that H&E Equipment Services, Inc. will post 2.51 EPS for the current fiscal year.

About H&E Equipment Services

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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