H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 409.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,532 shares of the industrial products company’s stock after acquiring an additional 41,412 shares during the quarter. Victory Capital Management Inc. owned approximately 0.14% of H&E Equipment Services worth $2,509,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HEES. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of H&E Equipment Services during the second quarter worth about $37,000. CWM LLC grew its position in shares of H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after buying an additional 278 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of H&E Equipment Services during the second quarter worth about $65,000. Quest Partners LLC acquired a new position in shares of H&E Equipment Services during the second quarter worth about $109,000. Finally, Bailard Inc. acquired a new position in shares of H&E Equipment Services during the second quarter worth about $203,000. 84.08% of the stock is owned by institutional investors and hedge funds.

H&E Equipment Services Price Performance

HEES stock opened at $58.76 on Friday. The business has a 50 day moving average price of $52.64 and a 200 day moving average price of $48.71. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 12.94 and a beta of 1.82. H&E Equipment Services, Inc. has a fifty-two week low of $40.92 and a fifty-two week high of $66.18. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 million. During the same quarter in the previous year, the firm earned $1.46 EPS. H&E Equipment Services’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, November 29th. H&E Equipment Services’s dividend payout ratio is currently 27.92%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HEES shares. B. Riley reissued a “buy” rating and set a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. KeyCorp started coverage on H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating for the company. UBS Group lowered their price objective on 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, Stifel Nicolaus decreased their target price on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.25.

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.