Here is What Hedge Funds Think About H&E Equipment Services, Inc. (HEES)

Page 1 of 2

Is H&E Equipment Services, Inc. (NASDAQ:HEES) a good investment right now? Hedge funds are taking a bearish view. The number of long hedge fund bets decreased by 5 in recent months.

In today’s marketplace, there are a multitude of metrics shareholders can use to watch stocks. A pair of the best are hedge fund and insider trading activity. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top hedge fund managers can beat the market by a healthy margin (see just how much).

Richard Driehaus

Equally as beneficial, bullish insider trading sentiment is another way to parse down the financial markets. As the old adage goes: there are plenty of incentives for an executive to cut shares of his or her company, but only one, very simple reason why they would buy. Various academic studies have demonstrated the useful potential of this tactic if shareholders know where to look (learn more here).

With all of this in mind, we’re going to take a gander at the key action regarding H&E Equipment Services, Inc. (NASDAQ:HEES).

How have hedgies been trading H&E Equipment Services, Inc. (NASDAQ:HEES)?

Heading into Q2, a total of 7 of the hedge funds we track were bullish in this stock, a change of -42% from one quarter earlier. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their holdings significantly.

When looking at the hedgies we track, Van Schreiber’s Bennett Lawrence Management had the most valuable position in H&E Equipment Services, Inc. (NASDAQ:HEES), worth close to $4.8 million, comprising 0.9% of its total 13F portfolio. On Bennett Lawrence Management’s heels is Driehaus Capital, managed by Richard Driehaus, which held a $3.2 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other peers that are bullish include Robert Bishop’s Impala Asset Management, and Cliff Asness’s AQR Capital Management.

Judging by the fact that H&E Equipment Services, Inc. (NASDAQ:HEES) has witnessed falling interest from the entirety of the hedge funds we track, we can see that there was a specific group of fund managers that decided to sell off their full holdings at the end of the first quarter. Interestingly, Ken Griffin’s Citadel Investment Group said goodbye to the largest investment of all the hedgies we monitor, totaling close to $1.5 million in stock., and Phil Frohlich of Prescott Group Capital Management was right behind this move, as the fund sold off about $1.5 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest was cut by 5 funds at the end of the first quarter.

How are insiders trading H&E Equipment Services, Inc. (NASDAQ:HEES)?

Insider trading activity, especially when it’s bullish, is most useful when the primary stock in question has seen transactions within the past six months. Over the last six-month time frame, H&E Equipment Services, Inc. (NASDAQ:HEES) has experienced zero unique insiders buying, and 4 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to H&E Equipment Services, Inc. (NASDAQ:HEES). These stocks are EnPro Industries, Inc. (NYSE:NPO), Mueller Water Products, Inc. (NYSE:MWA), Sun Hydraulics Corporation (NASDAQ:SNHY), CIRCOR International, Inc. (NYSE:CIR), and Standex Int’l Corp. (NYSE:SXI). All of these stocks are in the industrial equipment & components industry and their market caps are closest to HEES’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Reign of Terror: The 10 Most Ruthless Politicians in History

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!