Natixis Advisors LLC Invests $5.81 Million in H&E Equipment Services, Inc. (NASDAQ:HEES)

Natixis Advisors LLC purchased a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 118,643 shares of the industrial products company's stock, valued at approximately $5,809,000. Natixis Advisors LLC owned approximately 0.32% of H&E Equipment Services as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of H&E Equipment Services by 2.4% in the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company's stock worth $601,000 after buying an additional 282 shares during the last quarter. Swiss National Bank grew its position in H&E Equipment Services by 0.6% in the fourth quarter. Swiss National Bank now owns 64,600 shares of the industrial products company's stock worth $3,163,000 after acquiring an additional 400 shares in the last quarter. Diversified Trust Co increased its stake in H&E Equipment Services by 5.7% during the fourth quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock worth $520,000 after acquiring an additional 574 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in H&E Equipment Services by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company's stock valued at $4,896,000 after purchasing an additional 664 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of H&E Equipment Services by 1.7% in the 4th quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company's stock valued at $2,236,000 after purchasing an additional 745 shares during the last quarter. Institutional investors own 84.08% of the company's stock.

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H&E Equipment Services Trading Down 0.3 %

Shares of HEES stock traded down $0.32 on Wednesday, reaching $95.67. 320,170 shares of the company's stock were exchanged, compared to its average volume of 465,501. The company's fifty day simple moving average is $91.98 and its 200 day simple moving average is $66.48. H&E Equipment Services, Inc. has a 52 week low of $40.93 and a 52 week high of $101.28. 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 stock has a market capitalization of $3.51 billion, a PE ratio of 24.28 and a beta of 1.94.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.18. The company had revenue of $384.08 million during the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. As a group, analysts forecast that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Announces Dividend

The company 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 of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.15%. H&E Equipment Services's payout ratio is 32.64%.

Analysts Set New Price Targets

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

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.