7,041 Shares in H&E Equipment Services, Inc. (NASDAQ:HEES) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in H&E Equipment Services, Inc. (NASDAQ:HEES) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,041 shares of the industrial products company’s stock, valued at approximately $343,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of H&E Equipment Services in the second quarter worth approximately $37,000. CWM LLC lifted its position in H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 278 shares during the period. Meeder Asset Management Inc. bought a new position in H&E Equipment Services during the second quarter valued at approximately $65,000. Quest Partners LLC bought a new position in H&E Equipment Services during the second quarter valued at approximately $109,000. Finally, Virtu Financial LLC bought a new position in H&E Equipment Services during the first quarter valued at approximately $217,000. Institutional investors own 84.08% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HEES shares. KeyCorp started coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating on the stock. UBS Group reduced their target price on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, B. Riley reaffirmed a “buy” rating and set a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.25.

H&E Equipment Services Stock Down 0.1 %

Shares of HEES stock opened at $58.32 on Wednesday. The company has a 50 day simple moving average of $54.37 and a two-hundred day simple moving average of $49.24. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The stock has a market cap of $2.14 billion, a P/E ratio of 14.80, a P/E/G ratio of 13.33 and a beta of 1.84. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). The firm had revenue of $384.86 million during the quarter, compared to analysts’ expectations of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. On average, research analysts expect that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.10 annualized dividend and a yield of 1.89%. H&E Equipment Services’s payout ratio is 27.92%.

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.