H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,804,017 shares of the industrial products company’s stock after buying an additional 51,626 shares during the period. Vanguard Group Inc. owned approximately 10.43% of H&E Equipment Services worth $199,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new stake in H&E Equipment Services during the 4th quarter worth approximately $482,000. Knights of Columbus Asset Advisors LLC increased its stake in H&E Equipment Services by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 113,603 shares of the industrial products company’s stock valued at $5,944,000 after buying an additional 55,214 shares during the period. Semanteon Capital Management LP purchased a new position in H&E Equipment Services during the 4th quarter worth $879,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of H&E Equipment Services by 12.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,618 shares of the industrial products company’s stock worth $556,000 after acquiring an additional 1,137 shares during the period. Finally, Amica Mutual Insurance Co. purchased a new stake in shares of H&E Equipment Services in the fourth quarter valued at about $840,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Up 1.3 %

HEES opened at $43.32 on Wednesday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.62 and a current ratio of 0.85. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 1.62 and a beta of 1.89. H&E Equipment Services, Inc. has a one year low of $38.06 and a one year high of $66.18. The business’s fifty day moving average is $47.18 and its two-hundred day moving average is $52.80.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The business had revenue of $371.20 million during the quarter, compared to analyst estimates of $352.52 million. H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. H&E Equipment Services’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. Analysts anticipate that H&E Equipment Services, Inc. will post 4.08 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Thursday, May 30th were given a dividend of $0.275 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.10 annualized dividend and a dividend yield of 2.54%. H&E Equipment Services’s dividend payout ratio is currently 23.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HEES. StockNews.com downgraded shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Stifel Nicolaus dropped their price objective on H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. UBS Group reduced their target price on H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a report on Friday, May 24th. Finally, Raymond James started coverage on shares of H&E Equipment Services in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.00.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.