Emerald Mutual Fund Advisers Trust Acquires Shares of 391,386 H&E Equipment Services, Inc. (HEES)

Emerald Mutual Fund Advisers Trust acquired a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 391,386 shares of the industrial products company’s stock, valued at approximately $11,428,000. Emerald Mutual Fund Advisers Trust owned about 1.11% of H&E Equipment Services at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. UBS Asset Management Americas Inc. bought a new stake in shares of H&E Equipment Services in the 1st quarter worth $297,000. American International Group Inc. increased its holdings in shares of H&E Equipment Services by 7.1% in the 1st quarter. American International Group Inc. now owns 19,442 shares of the industrial products company’s stock worth $477,000 after purchasing an additional 1,288 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of H&E Equipment Services in the 1st quarter worth $9,072,000. Teachers Advisors LLC increased its holdings in shares of H&E Equipment Services by 3.5% in the 1st quarter. Teachers Advisors LLC now owns 61,191 shares of the industrial products company’s stock worth $1,500,000 after purchasing an additional 2,072 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of H&E Equipment Services by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 2,657,779 shares of the industrial products company’s stock worth $65,168,000 after purchasing an additional 118,619 shares in the last quarter. Institutional investors and hedge funds own 75.22% of the company’s stock.

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H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.32. The company had revenue of $259.16 million during the quarter, compared to analyst estimates of $252.94 million. H&E Equipment Services had a return on equity of 38.83% and a net margin of 3.69%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS.

HEES has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 target price on shares of H&E Equipment Services in a report on Wednesday, July 12th. UBS AG lifted their target price on H&E Equipment Services from $16.00 to $17.00 and gave the stock a “sell” rating in a report on Friday, October 27th. Bank of America Corporation initiated coverage on H&E Equipment Services in a report on Tuesday, September 26th. They issued a “buy” rating and a $33.00 target price for the company. BidaskClub lowered H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.50.

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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