Clearbridge Investments LLC Has $156.79 Million Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Clearbridge Investments LLC decreased its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,443,002 shares of the industrial products company’s stock after selling 79,896 shares during the period. Clearbridge Investments LLC owned approximately 0.07% of H&E Equipment Services worth $156,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fidelis Capital Partners LLC bought a new stake in H&E Equipment Services in the first quarter valued at $62,000. SG Americas Securities LLC bought a new stake in H&E Equipment Services in the first quarter valued at $170,000. Wellington Shields Capital Management LLC bought a new stake in H&E Equipment Services in the first quarter valued at $205,000. Busey Bank bought a new stake in H&E Equipment Services in the first quarter valued at $206,000. Finally, Capstone Investment Advisors LLC bought a new stake in H&E Equipment Services in the first quarter valued at $217,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Stock Up 2.1 %

HEES stock traded up $1.10 during trading on Tuesday, reaching $54.23. The stock had a trading volume of 342,135 shares, compared to its average volume of 260,352. H&E Equipment Services, Inc. has a one year low of $38.06 and a one year high of $66.18. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 2.26. The company’s 50 day moving average is $46.23 and its two-hundred day moving average is $52.38. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.88 and a beta of 1.89.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). H&E Equipment Services had a return on equity of 34.33% and a net margin of 11.17%. The firm had revenue of $371.20 million during the quarter, compared to the consensus estimate of $352.52 million. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts forecast that H&E Equipment Services, Inc. will post 4.13 EPS for the current year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Thursday, May 30th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Thursday, May 30th. H&E Equipment Services’s payout ratio is 23.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HEES shares. UBS Group decreased their target price on shares of H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Stifel Nicolaus decreased their target price on shares of H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. StockNews.com downgraded shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Raymond James started coverage on shares of H&E Equipment Services in a research report on Friday, June 28th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

H&E Equipment Services 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.