Squarepoint Ops LLC Invests $612,000 in H&E Equipment Services, Inc. (NASDAQ:HEES)

Squarepoint Ops LLC acquired a new position in H&E Equipment Services, Inc. (NASDAQ:HEES) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,865 shares of the industrial products company’s stock, valued at approximately $612,000.

Several other institutional investors have also added to or reduced their stakes in HEES. Foundry Partners LLC lifted its position in shares of H&E Equipment Services by 15.9% in the 1st quarter. Foundry Partners LLC now owns 88,603 shares of the industrial products company’s stock worth $5,687,000 after purchasing an additional 12,152 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in H&E Equipment Services by 645.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 21,968 shares of the industrial products company’s stock valued at $1,411,000 after buying an additional 19,021 shares during the period. Sei Investments Co. bought a new stake in H&E Equipment Services during the first quarter valued at $1,233,000. SG Americas Securities LLC grew its holdings in H&E Equipment Services by 688.1% during the 2nd quarter. SG Americas Securities LLC now owns 20,862 shares of the industrial products company’s stock worth $921,000 after acquiring an additional 18,215 shares during the period. Finally, Comerica Bank raised its position in shares of H&E Equipment Services by 2,460.2% in the 1st quarter. Comerica Bank now owns 34,819 shares of the industrial products company’s stock worth $2,235,000 after acquiring an additional 33,459 shares in the last quarter. 84.08% of the stock is currently owned by institutional investors.

H&E Equipment Services Stock Up 1.0 %

Shares of NASDAQ:HEES opened at $51.32 on Wednesday. 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, Inc. has a 52-week low of $38.06 and a 52-week high of $66.18. The business’s 50 day simple moving average is $46.66 and its two-hundred day simple moving average is $49.59. The firm has a market cap of $1.87 billion, a P/E ratio of 10.99, a PEG ratio of 10.35 and a beta of 1.84.

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

H&E Equipment Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio is currently 23.55%.

Wall Street Analyst Weigh In

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