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

Rhumbline Advisers raised its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,678 shares of the industrial products company’s stock after purchasing an additional 745 shares during the period. Rhumbline Advisers owned about 0.12% of H&E Equipment Services worth $2,236,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Access Financial Services Inc. boosted its holdings in shares of H&E Equipment Services by 20.4% in the 4th quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock valued at $1,027,000 after purchasing an additional 3,555 shares during the last quarter. Geode Capital Management LLC increased its holdings in H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock valued at $36,762,000 after purchasing an additional 4,226 shares in the last quarter. KG&L Capital Management LLC acquired a new position in shares of H&E Equipment Services during the third quarter worth $542,000. State Street Corp lifted its stake in shares of H&E Equipment Services by 2.9% in the third quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after acquiring an additional 21,805 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of H&E Equipment Services in the 3rd quarter valued at about $524,000. 84.08% of the stock is owned by institutional investors and hedge funds.

H&E Equipment Services Trading Down 0.8 %

Shares of NASDAQ HEES opened at $95.09 on Tuesday. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 24.13 and a beta of 1.93. The business has a 50 day simple moving average of $78.00 and a 200 day simple moving average of $61.11. 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, Inc. has a 52 week low of $40.92 and a 52 week high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.18. The company had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. On average, research analysts predict that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a dividend of $0.275 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.16%. H&E Equipment Services’s dividend payout ratio is presently 32.64%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group restated a “neutral” rating and issued a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com began coverage on shares of H&E Equipment Services in a research note on Tuesday, February 25th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $71.33.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.