Proficio Capital Partners LLC Makes New Investment in H&E Equipment Services, Inc. (NASDAQ:HEES)

Proficio Capital Partners LLC bought a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,090 shares of the industrial products company’s stock, valued at approximately $1,522,000. Proficio Capital Partners LLC owned approximately 0.08% of H&E Equipment Services at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of H&E Equipment Services by 409.2% in the third quarter. Victory Capital Management Inc. now owns 51,532 shares of the industrial products company’s stock valued at $2,509,000 after buying an additional 41,412 shares during the period. Segall Bryant & Hamill LLC raised its holdings in H&E Equipment Services by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock valued at $4,896,000 after buying an additional 664 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in H&E Equipment Services by 6.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 64,608 shares of the industrial products company’s stock valued at $3,145,000 after buying an additional 3,832 shares during the last quarter. Intech Investment Management LLC bought a new position in H&E Equipment Services in the 3rd quarter valued at approximately $343,000. Finally, Foundry Partners LLC raised its holdings in H&E Equipment Services by 4.7% in the 3rd quarter. Foundry Partners LLC now owns 94,335 shares of the industrial products company’s stock valued at $4,592,000 after buying an additional 4,256 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

Analyst Ratings Changes

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

H&E Equipment Services Stock Performance

NASDAQ:HEES opened at $95.08 on Friday. The company has a market capitalization of $3.48 billion, a PE ratio of 24.13 and a beta of 1.94. The company has a 50 day simple moving average of $89.80 and a two-hundred day simple moving average of $65.13. 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, Inc. has a fifty-two week low of $40.93 and a fifty-two week high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. The business had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. Research analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is presently 32.64%.

H&E Equipment Services Company 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.