5,208 Shares in H&E Equipment Services, Inc. (NASDAQ:HEES) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,208 shares of the industrial products company’s stock, valued at approximately $174,000.

A number of other hedge funds also recently bought and sold shares of HEES. Steward Partners Investment Advisory LLC raised its position in shares of H&E Equipment Services by 315.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 922 shares of the industrial products company’s stock valued at $30,000 after buying an additional 700 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in H&E Equipment Services by 30.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,736 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 636 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in H&E Equipment Services in the 3rd quarter valued at $202,000. Alberta Investment Management Corp acquired a new position in H&E Equipment Services in the 3rd quarter valued at $335,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of H&E Equipment Services during the 3rd quarter worth $422,000. 74.16% of the stock is currently owned by hedge funds and other institutional investors.

HEES has been the subject of a number of recent analyst reports. Zacks Investment Research raised H&E Equipment Services from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. BidaskClub upgraded H&E Equipment Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 6th. Buckingham Research increased their target price on H&E Equipment Services from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. ValuEngine raised H&E Equipment Services from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 21st. Finally, Bank of America cut H&E Equipment Services from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. H&E Equipment Services currently has a consensus rating of “Hold” and a consensus target price of $35.60.

NASDAQ:HEES opened at $29.60 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 3.22. The company has a market cap of $1.06 billion, a P/E ratio of 11.75, a P/E/G ratio of 0.88 and a beta of 2.78. H&E Equipment Services, Inc. has a fifty-two week low of $22.52 and a fifty-two week high of $37.85. The firm’s 50 day moving average is $30.32 and its two-hundred day moving average is $30.06.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for 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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