H&E Equipment Services, Inc. (NASDAQ:HEES) Holdings Raised by Algert Global LLC

Algert Global LLC increased its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 40.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,498 shares of the industrial products company’s stock after acquiring an additional 35,503 shares during the period. Algert Global LLC owned about 0.34% of H&E Equipment Services worth $6,012,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in H&E Equipment Services by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company’s stock worth $27,842,000 after acquiring an additional 41,749 shares in the last quarter. Foundry Partners LLC increased 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 during the period. Intech Investment Management LLC acquired a new position in H&E Equipment Services in the 3rd quarter valued at approximately $343,000. Advisors Asset Management Inc. lifted its position 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 worth $3,145,000 after buying an additional 3,832 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of H&E Equipment Services by 0.7% during 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 during the period. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Price Performance

Shares of NASDAQ:HEES opened at $58.76 on Friday. 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. The business has a 50-day moving average of $52.64 and a two-hundred day moving average of $48.71. H&E Equipment Services, Inc. has a fifty-two week low of $40.92 and a fifty-two week 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.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. During the same period in the previous year, the business posted $1.46 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts predict that H&E Equipment Services, Inc. will post 3.34 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

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

Analyst Ratings Changes

HEES has been the topic of a number of research reports. B. Riley reaffirmed a “buy” rating and issued a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Stifel Nicolaus dropped their target price on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. UBS Group reduced their price target on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, KeyCorp started coverage on H&E Equipment Services in a report on Friday, August 9th. They issued a “sector weight” rating on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.25.

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.