Spark Investment Management LLC raised its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,000 shares of the industrial products company’s stock after buying an additional 2,800 shares during the period. Spark Investment Management LLC’s holdings in H&E Equipment Services were worth $693,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HEES. Vanguard Group Inc. raised its stake in shares of 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 shares of 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 shares of 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 shares of 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, JPMorgan Chase & Co. raised its stake in shares of H&E Equipment Services by 21.8% in the first quarter. JPMorgan Chase & Co. now owns 776,505 shares of the industrial products company’s stock valued at $19,041,000 after buying an additional 139,219 shares during the last quarter. 77.19% of the stock is currently owned by institutional investors.

H&E Equipment Services, Inc. (HEES) opened at 21.59 on Friday. H&E Equipment Services, Inc. has a 52-week low of $12.72 and a 52-week high of $27.54. The stock has a market cap of $759.43 million, a P/E ratio of 19.47 and a beta of 2.55. The stock has a 50 day moving average price of $21.44 and a 200 day moving average price of $22.52.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The business had revenue of $249.40 million for the quarter, compared to analysts’ expectations of $237.81 million. H&E Equipment Services had a return on equity of 27.93% and a net margin of 4.08%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, equities research analysts forecast that H&E Equipment Services, Inc. will post $1.21 EPS for the current year.

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

H&E Equipment Services Company Profile

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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