Deutsche Bank AG Increases Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Deutsche Bank AG grew its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,070 shares of the industrial products company’s stock after buying an additional 8,854 shares during the quarter. Deutsche Bank AG owned 0.68% of H&E Equipment Services worth $12,097,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of HEES. Meeder Asset Management Inc. grew its stake in shares of H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 220 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of H&E Equipment Services by 38.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 1,166 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of H&E Equipment Services by 15.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 799 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of H&E Equipment Services during the 4th quarter worth $313,000. Finally, Handelsbanken Fonder AB grew its stake in shares of H&E Equipment Services by 17.7% during the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of H&E Equipment Services in a research note on Friday. They set a “hold” rating on the stock. UBS Group reissued a “neutral” rating and issued a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES opened at $95.98 on Friday. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 24.36 and a beta of 1.87. H&E Equipment Services, Inc. has a 52 week low of $40.93 and a 52 week high of $101.28. The company’s 50-day moving average price is $92.66 and its 200 day moving average price is $77.64. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.63). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm had revenue of $319.46 million for the quarter, compared to analyst estimates of $362.60 million. During the same period in the prior year, the business earned $0.71 earnings per share. H&E Equipment Services’s revenue for the quarter was down 13.9% on a year-over-year basis. As a group, research analysts forecast that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Profile

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, and Parts, Service and Other Revenues. The Equipment Rentals segment focuses on renting construction and industrial equipment.