H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 571,947 shares of the industrial products company’s stock after buying an additional 41,749 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.56% of H&E Equipment Services worth $27,842,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of H&E Equipment Services by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,434 shares of the industrial products company’s stock valued at $1,312,000 after purchasing an additional 1,159 shares during the period. Comerica Bank boosted 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 valued at $2,235,000 after purchasing an additional 33,459 shares during the period. CWM LLC boosted its position in shares of H&E Equipment Services by 42.5% in the 2nd 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. SG Americas Securities LLC boosted its position in shares of H&E Equipment Services by 688.1% in the 2nd quarter. SG Americas Securities LLC now owns 20,862 shares of the industrial products company’s stock valued at $921,000 after purchasing an additional 18,215 shares during the period. Finally, Diversified Trust Co boosted its position in shares of H&E Equipment Services by 5.3% in the 2nd quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company’s stock valued at $443,000 after purchasing an additional 503 shares during the period. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Stock Up 1.3 %

Shares of H&E Equipment Services stock opened at $59.06 on Thursday. The stock has a 50-day moving average price of $54.61 and a 200 day moving average price of $49.31. The company has a market cap of $2.16 billion, a P/E ratio of 14.99, a P/E/G ratio of 13.33 and a beta of 1.84. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $66.18.

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

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 27.92%.

Analysts Set New Price Targets

HEES has been the subject of a number of recent 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. B. Riley reissued a “buy” rating and issued a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Finally, UBS Group reduced 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 note on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.25.

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.