Charles Schwab Investment Management Inc. Has $26.22 Million Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Charles Schwab Investment Management Inc. lowered its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 535,589 shares of the industrial products company’s stock after selling 36,358 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.46% of H&E Equipment Services worth $26,222,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Access Financial Services Inc. raised its stake in H&E Equipment Services by 20.4% during the 4th quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock worth $1,027,000 after buying an additional 3,555 shares during the period. Geode Capital Management LLC raised its stake in H&E Equipment Services by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after buying an additional 4,226 shares during the period. State Street Corp raised its stake in H&E Equipment Services by 2.9% during the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after buying an additional 21,805 shares during the period. Holocene Advisors LP acquired a new stake in H&E Equipment Services during the 3rd quarter worth $524,000. Finally, Barclays PLC raised its stake in H&E Equipment Services by 185.1% during the 3rd quarter. Barclays PLC now owns 61,018 shares of the industrial products company’s stock worth $2,972,000 after buying an additional 39,617 shares during the period. Institutional investors and hedge funds own 84.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com assumed coverage on H&E Equipment Services in a report on Thursday, March 13th. They set a “hold” rating for the company. UBS Group reiterated a “neutral” rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, H&E Equipment Services has a consensus rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Stock Performance

NASDAQ HEES opened at $93.89 on Tuesday. The firm’s fifty day moving average price is $86.90 and its two-hundred day moving average price is $64.39. The stock has a market cap of $3.44 billion, a PE ratio of 23.83 and a beta of 1.94. H&E Equipment Services, Inc. has a fifty-two week low of $40.93 and a fifty-two week high of $101.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company had revenue of $384.08 million for the quarter, compared to analysts’ expectations of $372.50 million. On average, equities analysts expect that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.275 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 annualized dividend and a yield of 1.17%. H&E Equipment Services’s payout ratio is 32.64%.

H&E Equipment Services Profile

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.