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

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

Several other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of H&E Equipment Services by 2.4% during the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company's stock worth $601,000 after purchasing an additional 282 shares in the last quarter. Swiss National Bank increased its holdings 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 valued at $3,163,000 after buying an additional 400 shares in the last quarter. Diversified Trust Co lifted its position in shares of H&E Equipment Services by 5.7% during the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock valued at $520,000 after acquiring an additional 574 shares during the period. 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 worth $4,896,000 after acquiring an additional 664 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of H&E Equipment Services by 1.7% during the 4th quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company's stock worth $2,236,000 after acquiring an additional 745 shares in the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.

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H&E Equipment Services Price Performance

Shares of NASDAQ:HEES traded up $0.02 on Tuesday, hitting $95.99. The company had a trading volume of 401,212 shares, compared to its average volume of 466,380. 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 company has a market cap of $3.52 billion, a PE ratio of 24.36 and a beta of 1.94. H&E Equipment Services, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28. The business has a 50 day moving average of $91.98 and a 200 day moving average of $66.48.

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

H&E Equipment Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.15%. H&E Equipment Services's dividend payout ratio (DPR) is currently 32.64%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com initiated coverage on H&E Equipment Services in a report on Friday. They set a "hold" rating for the company. UBS Group restated a "neutral" rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $71.33.

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.