H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 48.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,730 shares of the industrial products company’s stock after selling 10,132 shares during the period. SG Americas Securities LLC’s holdings in H&E Equipment Services were worth $522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Foundry Partners LLC increased its position 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 worth $5,687,000 after buying an additional 12,152 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of H&E Equipment Services by 645.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 21,968 shares of the industrial products company’s stock valued at $1,411,000 after acquiring an additional 19,021 shares during the period. Sei Investments Co. purchased a new stake in H&E Equipment Services in the 1st quarter valued at $1,233,000. Comerica Bank boosted its stake in H&E Equipment Services by 2,460.2% during the 1st quarter. Comerica Bank now owns 34,819 shares of the industrial products company’s stock worth $2,235,000 after purchasing an additional 33,459 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in H&E Equipment Services during the 2nd quarter valued at approximately $545,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES opened at $50.74 on Wednesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 0.61. H&E Equipment Services, Inc. has a one year low of $38.06 and a one year high of $66.18. The firm has a market capitalization of $1.85 billion, a P/E ratio of 10.87, a PEG ratio of 11.30 and a beta of 1.84. The company’s fifty day moving average is $47.07 and its two-hundred day moving average is $49.16.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $376.30 million for the quarter, compared to analysts’ expectations of $382.05 million. During the same period in the prior year, the firm posted $1.14 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts forecast that H&E Equipment Services, Inc. will post 3.52 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were paid a $0.275 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.10 dividend on an annualized basis and a yield of 2.17%. H&E Equipment Services’s payout ratio is 23.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group cut their price target 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. Stifel Nicolaus lowered their target price on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Raymond James initiated coverage on shares of H&E Equipment Services in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Finally, KeyCorp began coverage on shares of H&E Equipment Services in a research 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, H&E Equipment Services currently has an average rating of “Moderate Buy” and an average target price 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.