Granite Investment Partners LLC raised its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 522,588 shares of the industrial products company’s stock after buying an additional 13,840 shares during the period. Granite Investment Partners LLC’s holdings in H&E Equipment Services were worth $10,666,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in H&E Equipment Services by 4.7% in the first quarter. Vanguard Group Inc. now owns 2,657,779 shares of the industrial products company’s stock valued at $65,168,000 after buying an additional 118,619 shares during the last quarter. Macquarie Group Ltd. raised its stake in H&E Equipment Services by 1.3% in the first quarter. Macquarie Group Ltd. now owns 2,127,659 shares of the industrial products company’s stock valued at $52,170,000 after buying an additional 27,439 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in H&E Equipment Services by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,630,577 shares of the industrial products company’s stock valued at $39,981,000 after buying an additional 64,096 shares during the last quarter. Victory Capital Management Inc. raised its stake in H&E Equipment Services by 130.5% in the first quarter. Victory Capital Management Inc. now owns 1,529,606 shares of the industrial products company’s stock valued at $37,505,000 after buying an additional 866,112 shares during the last quarter. Finally, SG Capital Management LLC acquired a new stake in H&E Equipment Services during the second quarter valued at approximately $18,761,000. 77.19% of the stock is currently owned by institutional investors.

Shares of H&E Equipment Services, Inc. (NASDAQ HEES) opened at 21.47 on Friday. The firm has a 50-day moving average of $21.35 and a 200 day moving average of $22.53. H&E Equipment Services, Inc. has a 12-month low of $12.72 and a 12-month high of $27.54. The stock has a market capitalization of $755.21 million, a price-to-earnings ratio of 19.36 and a beta of 2.55.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. The company had revenue of $249.40 million for the quarter, compared to analyst estimates of $237.81 million. H&E Equipment Services had a net margin of 4.08% and a return on equity of 27.93%. H&E Equipment Services’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. Equities analysts forecast that H&E Equipment Services, Inc. will post $1.21 earnings per share for the current fiscal year.

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HEES has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 price target on shares of H&E Equipment Services in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. BidaskClub lowered shares of H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, UBS AG reaffirmed a “sell” rating and issued a $16.00 price target (up from $15.00) on shares of H&E Equipment Services in a report on Monday, July 31st.

About H&E Equipment Services

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: 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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