Cozad Asset Management Inc. Decreases Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Cozad Asset Management Inc. decreased its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 1.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 36,960 shares of the industrial products company’s stock after selling 371 shares during the period. Cozad Asset Management Inc.’s holdings in H&E Equipment Services were worth $1,810,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HEES. Victory Capital Management Inc. lifted its stake in H&E Equipment Services by 409.2% in the 3rd quarter. Victory Capital Management Inc. now owns 51,532 shares of the industrial products company’s stock valued at $2,509,000 after buying an additional 41,412 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in H&E Equipment Services by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock valued at $4,896,000 after buying an additional 664 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in H&E Equipment Services by 6.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 64,608 shares of the industrial products company’s stock valued at $3,145,000 after buying an additional 3,832 shares in the last quarter. Intech Investment Management LLC purchased a new stake in H&E Equipment Services in the 3rd quarter valued at approximately $343,000. Finally, Foundry Partners LLC lifted its stake in H&E Equipment Services by 4.7% in the 3rd quarter. Foundry Partners LLC now owns 94,335 shares of the industrial products company’s stock valued at $4,592,000 after buying an additional 4,256 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com assumed coverage on H&E Equipment Services in a research note on Thursday, March 13th. They issued a “hold” rating on the stock. UBS Group reaffirmed a “neutral” rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, H&E Equipment Services currently has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Trading Down 0.1 %

Shares of HEES opened at $93.89 on Tuesday. The stock has a fifty day moving average of $86.90 and a two-hundred day moving average of $64.39. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The company has a market capitalization of $3.44 billion, a PE ratio of 23.83 and a beta of 1.94. H&E Equipment Services, Inc. has a fifty-two week low of $40.93 and a fifty-two week high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating 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%. As a group, analysts forecast that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.275 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.17%. H&E Equipment Services’s payout ratio is 32.64%.

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.