Scientech Research LLC Purchases Shares of 4,598 H&E Equipment Services, Inc. (NASDAQ:HEES)

Scientech Research LLC acquired a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,598 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other hedge funds have also modified their holdings of the stock. Foundry Partners LLC lifted its stake in H&E Equipment Services by 15.9% during the first quarter. Foundry Partners LLC now owns 88,603 shares of the industrial products company’s stock valued at $5,687,000 after buying an additional 12,152 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in H&E Equipment Services by 645.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 21,968 shares of the industrial products company’s stock valued at $1,411,000 after buying an additional 19,021 shares in the last quarter. Sei Investments Co. purchased a new stake in H&E Equipment Services during the first quarter valued at about $1,233,000. SG Americas Securities LLC lifted its stake in H&E Equipment Services by 688.1% during the second quarter. SG Americas Securities LLC now owns 20,862 shares of the industrial products company’s stock valued at $921,000 after buying an additional 18,215 shares in the last quarter. Finally, Comerica Bank lifted its stake in H&E Equipment Services by 2,460.2% during the first quarter. Comerica Bank now owns 34,819 shares of the industrial products company’s stock valued at $2,235,000 after buying an additional 33,459 shares in the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Stock Performance

HEES stock opened at $49.30 on Wednesday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 10.35 and a beta of 1.85. The firm has a 50 day moving average of $46.95 and a two-hundred day moving average of $50.04. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 2.17. H&E Equipment Services, Inc. has a 12 month low of $38.06 and a 12 month high of $66.18.

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

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio is 23.55%.

Analysts Set New Price Targets

A number of analysts have commented on HEES shares. KeyCorp started coverage on shares of H&E Equipment Services in a research note on Friday, August 9th. They set a “sector weight” rating for the company. Stifel Nicolaus reduced their price target on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. UBS Group reduced their price target on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Raymond James began coverage on shares of H&E Equipment Services in a research report on Friday, June 28th. They issued a “market perform” 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.67.

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.