H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,691 shares of the industrial products company’s stock after buying an additional 1,525 shares during the period. Rhumbline Advisers owned approximately 0.13% of H&E Equipment Services worth $2,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HEES. CWM LLC lifted its position in H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 278 shares during the period. ProShare Advisors LLC lifted its position in H&E Equipment Services by 8.5% in the first quarter. ProShare Advisors LLC now owns 5,781 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 454 shares during the period. Diversified Trust Co lifted its position in H&E Equipment Services by 5.3% in the second quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 503 shares during the period. Bank of New York Mellon Corp lifted its position in H&E Equipment Services by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 275,363 shares of the industrial products company’s stock worth $12,163,000 after purchasing an additional 770 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in H&E Equipment Services in the first quarter worth approximately $62,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Price Performance

Shares of NASDAQ:HEES opened at $48.38 on Friday. H&E Equipment Services, Inc. has a one year low of $38.06 and a one year high of $66.18. The stock has a fifty day moving average of $47.46 and a 200-day moving average of $50.62. The company has a market capitalization of $1.77 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 9.16 and a beta of 1.85. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 0.61.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.12). H&E Equipment Services had a net margin of 10.53% and a return on equity of 30.84%. The firm had revenue of $376.30 million for the quarter, compared to analyst estimates of $382.05 million. During the same period last year, the firm earned $1.14 earnings per share. H&E Equipment Services’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that H&E Equipment Services, Inc. will post 3.52 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 23.55%.

Wall Street Analyst Weigh In

HEES has been the subject of a number of research analyst reports. KeyCorp initiated coverage on H&E Equipment Services in a research report on Friday, August 9th. They issued a “sector weight” rating for the company. Raymond James assumed coverage on H&E Equipment Services in a research report on Friday, June 28th. They issued a “market perform” rating for the company. Stifel Nicolaus cut their price objective on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, UBS Group cut their price objective on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, H&E Equipment Services presently has an average rating of “Moderate Buy” and an average target price of $61.67.

H&E Equipment Services Profile

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.