Advisors Asset Management Inc. Purchases 3,832 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Advisors Asset Management Inc. lifted its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,608 shares of the industrial products company’s stock after purchasing an additional 3,832 shares during the period. Advisors Asset Management Inc.’s holdings in H&E Equipment Services were worth $3,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in H&E Equipment Services during the 2nd quarter worth approximately $37,000. CWM LLC increased its holdings in H&E Equipment Services by 42.5% in the second 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 period. Meeder Asset Management Inc. bought a new position in H&E Equipment Services during the 2nd quarter worth $65,000. Quest Partners LLC acquired a new position in H&E Equipment Services during the 2nd quarter worth about $109,000. Finally, Virtu Financial LLC acquired a new position in H&E Equipment Services during the 1st quarter worth about $217,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

Analysts Set New Price Targets

HEES has been the subject of a number of analyst reports. KeyCorp assumed coverage on H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating for the company. Stifel Nicolaus lowered their price target on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. UBS Group reduced their price objective on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, B. Riley reiterated 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, H&E Equipment Services has an average rating of “Moderate Buy” and an average target price of $61.25.

H&E Equipment Services Trading Up 3.7 %

NASDAQ HEES opened at $58.76 on Friday. H&E Equipment Services, Inc. has a one year low of $40.92 and a one year high of $66.18. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The business has a 50 day simple moving average of $52.64 and a 200 day simple moving average of $48.71. The stock has a market capitalization of $2.15 billion, a P/E ratio of 14.91, a P/E/G ratio of 12.94 and a beta of 1.82.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 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 analyst estimates of $388.18 million. During the same period last year, the business earned $1.46 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts expect that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

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

H&E Equipment Services Company 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.