MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $22.99 Million Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 469,565 shares of the industrial products company’s stock after buying an additional 25,178 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in H&E Equipment Services were worth $22,990,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. lifted its stake in shares of H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after buying an additional 220 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of H&E Equipment Services by 38.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock valued at $190,000 after buying an additional 1,166 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of H&E Equipment Services by 15.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock valued at $299,000 after buying an additional 799 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of H&E Equipment Services in the fourth quarter valued at about $313,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of H&E Equipment Services by 17.7% in the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock valued at $325,000 after buying an additional 1,000 shares during the period. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HEES has been the subject of a number of analyst reports. UBS Group restated a “neutral” rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com initiated coverage on shares of H&E Equipment Services in a research note on Thursday, May 8th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Stock Performance

NASDAQ HEES opened at $95.02 on Thursday. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 24.12 and a beta of 1.87. The company has a 50 day moving average of $92.59 and a 200-day moving average of $77.24. 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, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28.

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

H&E Equipment Services Company 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.