Banco BTG Pactual S.A. Invests $338,000 in H&E Equipment Services, Inc. (NASDAQ:HEES)

Banco BTG Pactual S.A. acquired a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,000 shares of the industrial products company’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in shares of H&E Equipment Services during the 3rd quarter worth about $343,000. Charles Schwab Investment Management Inc. lifted its stake in shares of H&E Equipment Services by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company’s stock valued at $27,842,000 after buying an additional 41,749 shares during the period. Fisher Asset Management LLC boosted its position in H&E Equipment Services by 14.8% during the third quarter. Fisher Asset Management LLC now owns 196,895 shares of the industrial products company’s stock worth $9,585,000 after acquiring an additional 25,413 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in H&E Equipment Services in the 3rd quarter worth approximately $398,000. Finally, BNP Paribas Financial Markets grew its stake in H&E Equipment Services by 5.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 44,175 shares of the industrial products company’s stock worth $2,150,000 after acquiring an additional 2,238 shares during the period. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HEES. UBS Group restated a “neutral” rating and set a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com started coverage on H&E Equipment Services in a research note on Friday, March 21st. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, H&E Equipment Services presently has an average rating of “Hold” and a consensus price target of $71.33.

H&E Equipment Services Stock Down 0.3 %

Shares of NASDAQ HEES opened at $95.67 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $3.51 billion, a PE ratio of 24.28 and a beta of 1.94. The firm has a fifty day moving average of $92.11 and a 200-day moving average of $66.69. H&E Equipment Services, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. The firm 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, analysts anticipate that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.275 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 annualized dividend and a yield of 1.15%. H&E Equipment Services’s payout ratio is 32.64%.

H&E Equipment Services 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.