5,804 Shares in H&E Equipment Services, Inc. (NASDAQ:HEES) Purchased by Americana Partners LLC

Americana Partners LLC acquired a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,804 shares of the industrial products company’s stock, valued at approximately $283,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of H&E Equipment Services during the 2nd quarter worth approximately $37,000. CWM LLC increased its stake in shares of H&E Equipment Services by 42.5% in the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 278 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of H&E Equipment Services during the 1st quarter worth $62,000. Meeder Asset Management Inc. bought a new stake in shares of H&E Equipment Services during the 2nd quarter worth $65,000. Finally, Quest Partners LLC acquired a new stake in H&E Equipment Services in the second quarter valued at about $109,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on HEES. KeyCorp started coverage on H&E Equipment Services in a research note on Friday, August 9th. They set a “sector weight” rating for the company. UBS Group dropped their price objective on shares of 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. B. Riley reaffirmed a “buy” rating and set a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price target 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $61.25.

H&E Equipment Services Price Performance

HEES stock opened at $51.90 on Friday. The company has a market capitalization of $1.90 billion, a P/E ratio of 13.17, a PEG ratio of 11.93 and a beta of 1.82. The company has a fifty day moving average price of $49.06 and a 200-day moving average price of $48.37. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.56 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 $66.18.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) 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 company had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. During the same period in the prior year, the business earned $1.46 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts expect that H&E Equipment Services, Inc. will post 3.34 EPS for the current year.

H&E Equipment Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio is presently 27.92%.

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.