H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC increased its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 14.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,895 shares of the industrial products company’s stock after acquiring an additional 25,413 shares during the period. Fisher Asset Management LLC’s holdings in H&E Equipment Services were worth $9,585,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC grew 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 last quarter. Federated Hermes Inc. grew its stake in H&E Equipment Services by 0.7% in the 2nd quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company’s stock valued at $2,047,000 after acquiring an additional 326 shares during the last quarter. Diversified Trust Co increased its holdings in H&E Equipment Services by 5.3% during the 2nd quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company’s stock valued at $443,000 after acquiring an additional 503 shares in the last quarter. Nisa Investment Advisors LLC raised its position in H&E Equipment Services by 7.1% during the third quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 555 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of H&E Equipment Services by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company’s stock valued at $810,000 after purchasing an additional 627 shares in the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Down 1.6 %

Shares of NASDAQ:HEES opened at $59.33 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 13.88 and a beta of 1.82. The stock’s 50-day moving average price is $53.50 and its two-hundred day moving average price is $48.95. H&E Equipment Services, Inc. has a 12-month low of $40.92 and a 12-month high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last released 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 during the quarter, compared to analyst estimates of $388.18 million. During the same period in the prior year, the business posted $1.46 earnings per share. H&E Equipment Services’s revenue was down 4.0% on a year-over-year basis. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued 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 1.85%. H&E Equipment Services’s payout ratio is 27.92%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group cut their price objective on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. KeyCorp initiated coverage on H&E Equipment Services in a research report on Friday, August 9th. They issued a “sector weight” rating on the stock. Stifel Nicolaus dropped their price objective on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, B. Riley restated a “buy” rating and issued a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.25.

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.