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

Barclays PLC raised its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 185.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 61,018 shares of the industrial products company’s stock after purchasing an additional 39,617 shares during the period. Barclays PLC owned about 0.17% of H&E Equipment Services worth $2,972,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in H&E Equipment Services by 0.3% in the 2nd 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 during the last quarter. Bailard Inc. acquired a new stake in shares of H&E Equipment Services in the second quarter valued at approximately $203,000. Panagora Asset Management Inc. increased its stake in shares of H&E Equipment Services by 8.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 199,074 shares of the industrial products company’s stock worth $8,793,000 after purchasing an additional 16,342 shares in the last quarter. Loews Corp purchased a new position in shares of H&E Equipment Services during the 2nd quarter worth approximately $5,742,000. Finally, Versor Investments LP raised its position in shares of H&E Equipment Services by 70.1% during the 2nd quarter. Versor Investments LP now owns 11,165 shares of the industrial products company’s stock worth $493,000 after purchasing an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Performance

Shares of HEES opened at $50.21 on Wednesday. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $66.18. The company’s 50 day simple moving average is $55.78 and its 200 day simple moving average is $50.02. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 13.24 and a beta of 1.84. 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 (NASDAQ:HEES) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates 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. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 EPS. On average, sell-side analysts predict that H&E Equipment Services, Inc. will post 3.27 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Friday, November 29th. H&E Equipment Services’s payout ratio is 27.92%.

Wall Street Analyst Weigh In

Separately, B. Riley reiterated a “buy” rating and set a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.25.

H&E Equipment Services 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.