More notable recent H&E Equipment Services, Inc.
According to a statement released by the companies, the transaction is expected to close in the fourth quarter. Macquarie Group Ltd. now owns 2,391,042 shares of the industrial products company's stock worth $48,801,000 after buying an additional 263,383 shares in the last quarter. State Street Corp raised its position in H&E Equipment Services by 5.1% in the second quarter. First Mercantile Trust Co. now owns 6,163 shares of the industrial products company's stock worth $151,000 after buying an additional 1,628 shares during the last quarter. Oxbow Advisors LLC bought a new position in shares of H&E Equipment Services during the first quarter worth approximately $201,000. Institutional investors and hedge funds own 77.94% of the company's stock. H&E Equipment Services has a 52-week low of $12.72 and a 52-week high of $27.54. (HEES) opened at 20.93 on Tuesday. The stock of H&E Equipment Services, Inc. The stock has a market cap of $743.95 million, a P/E ratio of 19.07 and a beta of 2.55. (HEES) closed -3.96% below its 200-day moving average and is 0.51% above another chart threshold, its 50-day moving average.
To make the acquisition, United Rentals had to outbidH&E Equipment Services (HEES), which had previously agreed to buy Neff for $500 million. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07.
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H&E Equipment Services, Inc.is an integrated equipment services company. The company had revenue of $249.40 million during the quarter, compared to analysts' expectations of $237.81 million. During the same period in the previous year, the company posted $0.21 EPS. The business's quarterly revenue was up 3.0% compared to the same quarter past year. On average, equities research analysts anticipate that H&E Equipment Services will post $1.21 EPS for the current fiscal year. Also, the number of active investment managers holding H&e Equipment Services Inc in their top 10 stock positions was flat from 0 to 0 for the same number. If you are accessing this report on another publication, it was stolen and republished in violation of United States & worldwide copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/08/15/he-equipment-services-inc-nasdaqhees-stake-increased-by-moody-aldrich-partners-llc-updated-updated.html.
HEES has been the subject of several recent research reports. Zacks Investment Research raised H&E Equipment Services from a "sell" rating to a "hold" rating in a research report on Saturday, June 10th. 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 research report on Monday, July 31st. BidaskClub cut H&E Equipment Services from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 9th. ValuEngine upgraded H&E Equipment Services from a "hold" rating to a "buy" rating in a report on Monday. The company has a consensus rating of "Buy" and an average target price of $24.00.
Stamford, Connecticut-based United is an equipment rental company that serves construction companies, utilities, municipalities and homeowners. The company offers earthmoving, material handling, aerial and other rental services to more than 15,500 construction and industrial customers.