H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,350 shares of the industrial products company’s stock after acquiring an additional 326 shares during the period. Federated Hermes Inc. owned about 0.13% of H&E Equipment Services worth $2,047,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HEES. Vanguard Group Inc. raised its position in shares of H&E Equipment Services by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 3,804,017 shares of the industrial products company’s stock worth $199,026,000 after purchasing an additional 51,626 shares during the last quarter. American Century Companies Inc. increased its position in H&E Equipment Services by 104.6% during the second quarter. American Century Companies Inc. now owns 1,410,554 shares of the industrial products company’s stock worth $62,304,000 after buying an additional 721,270 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of H&E Equipment Services by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 445,582 shares of the industrial products company’s stock worth $23,313,000 after acquiring an additional 4,978 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of H&E Equipment Services by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 275,363 shares of the industrial products company’s stock valued at $12,163,000 after acquiring an additional 770 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of H&E Equipment Services during the fourth quarter valued at $11,827,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on HEES shares. UBS Group reduced their target price on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus reduced their price objective 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. Raymond James assumed coverage on shares of H&E Equipment Services in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, KeyCorp assumed coverage on H&E Equipment Services in a report on Friday, August 9th. They issued a “sector weight” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, H&E Equipment Services has an average rating of “Moderate Buy” and an average target price of $61.67.

H&E Equipment Services Trading Down 0.6 %

Shares of HEES stock opened at $48.09 on Friday. The firm’s 50-day simple moving average is $47.47 and its 200-day simple moving average is $50.55. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.61 and a quick ratio of 0.56. H&E Equipment Services, Inc. has a 1-year low of $38.06 and a 1-year high of $66.18. The firm has a market cap of $1.76 billion, a P/E ratio of 10.30, a PEG ratio of 9.16 and a beta of 1.85.

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

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, August 28th. H&E Equipment Services’s payout ratio is currently 23.55%.

H&E Equipment Services Company 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.