H&E Equipment Services, Inc. (NASDAQ:HEES) Stock Holdings Lifted by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 43.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,600 shares of the industrial products company’s stock after acquiring an additional 1,400 shares during the quarter. Point72 Asset Management L.P.’s holdings in H&E Equipment Services were worth $203,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HEES. Allianz Asset Management GmbH boosted its position in shares of H&E Equipment Services by 4.7% in the fourth quarter. Allianz Asset Management GmbH now owns 55,064 shares of the industrial products company’s stock worth $2,881,000 after buying an additional 2,474 shares during the period. Vanguard Group Inc. grew its stake in H&E Equipment Services by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 3,804,017 shares of the industrial products company’s stock valued at $199,026,000 after acquiring an additional 51,626 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of H&E Equipment Services in the 4th quarter valued at about $468,000. BTC Capital Management Inc. purchased a new stake in shares of H&E Equipment Services in the first quarter worth approximately $615,000. Finally, Harbour Capital Advisors LLC lifted its position in shares of H&E Equipment Services by 45.7% in the first quarter. Harbour Capital Advisors LLC now owns 24,700 shares of the industrial products company’s stock worth $1,523,000 after purchasing an additional 7,745 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Trading Up 3.0 %

Shares of NASDAQ:HEES opened at $50.46 on Friday. H&E Equipment Services, Inc. has a 1 year low of $38.06 and a 1 year high of $66.18. The firm has a fifty day moving average price of $46.69 and a 200 day moving average price of $49.84. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $1.84 billion, a PE ratio of 10.81, a P/E/G ratio of 10.35 and a beta of 1.84.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $376.30 million for the quarter, compared to analyst estimates of $382.05 million. During the same period in the prior year, the company posted $1.14 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Analysts expect that H&E Equipment Services, Inc. will post 3.52 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio is 23.55%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HEES shares. Stifel Nicolaus lowered their price objective on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Raymond James started coverage on shares of H&E Equipment Services in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. KeyCorp assumed coverage on H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating for the company. Finally, UBS Group dropped their target price on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, H&E Equipment Services currently has an average rating of “Moderate Buy” and a consensus 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.