H&E Equipment Services, Inc: Macquarie Group Ltd Bought Stake

February 14, 2018 - By Hazel Jackson

 H&E Equipment Services, Inc: Macquarie Group Ltd Bought Stake

Investors sentiment increased to 1.24 in Q3 2017. Its up 0.24, from 1 in 2017Q2. It is positive, as 19 investors sold H&E Equipment Services, Inc. shares while 39 reduced holdings. 37 funds opened positions while 35 raised stakes. 25.69 million shares or 0.03% less from 25.70 million shares in 2017Q2 were reported.

7,300 are held by Nine Chapters Management Ltd Company. California Pub Employees Retirement Sys holds 140,425 shares. Virginia Retirement System Et Al invested 0% of its portfolio in H&E Equipment Services, Inc. (NASDAQ:HEES). Aqr Management Ltd accumulated 29,180 shares or 0% of the stock. Gsa Capital Partners Llp owns 99,028 shares. Petrus Lta invested 0.07% in H&E Equipment Services, Inc. (NASDAQ:HEES). 29,745 are owned by Stifel. Systematic Mngmt Limited Partnership holds 679,285 shares. 76,542 are held by Prescott Grp Inc Cap Ltd Llc. Spark Investment Ltd invested in 0.16% or 100,900 shares. 9,903 are owned by Highbridge Capital Limited. Swiss State Bank holds 0% of its portfolio in H&E Equipment Services, Inc. (NASDAQ:HEES) for 53,600 shares. Pnc Svcs invested 0% in H&E Equipment Services, Inc. (NASDAQ:HEES). Schwab Charles Investment Management invested 0.01% in H&E Equipment Services, Inc. (NASDAQ:HEES). Great West Life Assurance Com Can has invested 0% in H&E Equipment Services, Inc. (NASDAQ:HEES).

The New Macquarie Group Ltd Holding in H&E Equipment Services, Inc

Macquarie Group Ltd reported SC 13G/A form with the SEC for H&E Equipment Services, Inc. Access it here: 000119312518042927. As reported by Macquarie Group Ltd, the filler owns 4.69% or 1,670,828 shares of the Industrials–company.

H&E Equipment Services, Inc stake is new for [reportingPerson]. Date of activity: December29, 2017. This shows Macquarie Group Ltd’s positive view for H&E Equipment Services, Inc.

H&E Equipment Services, Inc Institutional Sentiment

Filings show 111 investors own H&E Equipment Services, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 8987558. 34872749 were owned by these investors. 16 funds opened new H&E Equipment Services, Inc stakes, 43 increased positions. There were 37 that closed positions and 40 reduced them.

Matthew A. Weatherbie Weatherbie Capital Llc is an investor bullish on H&E Equipment Services, Inc, owning 625023 shares as of Q3 2015 for 1.21% of its portfolio. Fishman Jay A Ltd owns 254907 shares or less than 0.01% of its portfolio. TX Lafitte Capital Management Lp have 2.59% of its portfolio for 207571 shares. Further, Strategic Investment Management Llc reported stake worth 0.14% of its portfolio. The CA Western Asset Management Company owns 400603 shares. H&E Equipment Services, Inc is 5.88% of its portfolio.

Business 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. The Company’s principal business activities include equipment rentals; new equipment sales; used equipment sales; parts sales, and repair and maintenance services. As of February 16, 2017, the Company had 78 facilities located throughout the West Coast, Intermountain, Southwest, Gulf Coast, Southeast and Mid-Atlantic regions of the United States. The Company rents its heavy construction and industrial equipment to its customers on a daily, weekly and monthly basis. The Company sells new heavy construction and industrial equipment. The Company is a distributor of Grove and Manitowoc crane equipment.

SEC Form 13G.

Analysts await H&E Equipment Services, Inc. (NASDAQ:HEES) to report earnings on February, 22. They expect $0.42 EPS, up 20.00 % or $0.07 from last year’s $0.35 per share. HEES’s profit will be $14.97M for 21.40 P/E if the $0.42 EPS becomes a reality. After $0.76 actual EPS reported by H&E Equipment Services, Inc. for the previous quarter, Wall Street now forecasts -44.74 % negative EPS growth.

The stock increased 0.93% or $0.33 during the last trading session, reaching $35.96. About 232,376 shares traded. H&E Equipment Services, Inc. (NASDAQ:HEES) has risen 3.15% since February 14, 2017 and is uptrending. It has underperformed by 13.55% the S&P500.

H&E Equipment Services, Inc. operates as an integrated equipment services company. The company has market cap of $1.28 billion. The firm rents, sells, and provides parts and service support for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It has a 35.29 P/E ratio. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.

H&E Equipment Services, Inc. (NASDAQ:HEES) Ratings Coverage

Among 6 analysts covering H&E Equipment Services (NASDAQ:HEES), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. H&E Equipment Services has $44.0 highest and $17 lowest target. $33.25’s average target is -7.54% below currents $35.96 stock price. H&E Equipment Services had 15 analyst reports since July 31, 2015 according to SRatingsIntel. UBS maintained H&E Equipment Services, Inc. (NASDAQ:HEES) on Friday, October 27 with “Sell” rating. The firm has “Sell” rating by UBS given on Friday, October 7. The stock of H&E Equipment Services, Inc. (NASDAQ:HEES) has “Buy” rating given on Friday, July 31 by UBS. The rating was maintained by RBC Capital Markets with “Buy” on Monday, June 5. The firm has “Buy” rating given on Friday, January 15 by Longbow. The firm has “Buy” rating by RBC Capital Markets given on Thursday, July 27. KeyBanc Capital Markets maintained the shares of HEES in report on Tuesday, September 12 with “Hold” rating. The company was maintained on Tuesday, September 12 by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Thursday, January 11. The firm has “Buy” rating by RBC Capital Markets given on Monday, July 10.

More notable recent H&E Equipment Services, Inc. (NASDAQ:HEES) news were published by: Nasdaq.com which released: “The Zacks Industry Rank Highlights: Caterpillar and H&E Equipment Services” on February 02, 2018, also Seekingalpha.com with their article: “H&E Equipment Services’ (HEES) CEO John Engquist on Q3 2017 Results – Earnings …” published on October 29, 2017, Seekingalpha.com published: “H&E Equipment Services: Timely Pick For Dividend Growth Investors” on December 15, 2017. More interesting news about H&E Equipment Services, Inc. (NASDAQ:HEES) were released by: Businesswire.com and their article: “H&E Equipment Services to Acquire Neff Corporation to Create Leading Equipment …” published on July 14, 2017 as well as Nasdaq.com‘s news article titled: “H&E Equipment Services Acquires Rental to Expand Footprint in South Alabama” with publication date: January 29, 2018.

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