20,000 Shares in H&E Equipment Services, Inc. (NASDAQ:HEES) Purchased by 272 Capital LP

272 Capital LP purchased a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the industrial products company's stock, valued at approximately $974,000. 272 Capital LP owned about 0.05% of H&E Equipment Services as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of H&E Equipment Services by 42.5% during the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company's stock worth $41,000 after buying an additional 278 shares during the period. SG Americas Securities LLC grew its holdings in H&E Equipment Services by 688.1% during the 2nd quarter. SG Americas Securities LLC now owns 20,862 shares of the industrial products company's stock worth $921,000 after acquiring an additional 18,215 shares during the period. Diversified Trust Co raised its position in shares of 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 during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of H&E Equipment Services by 7.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 82,322 shares of the industrial products company's stock valued at $3,636,000 after purchasing an additional 5,731 shares during the period. Finally, Summit Global Investments boosted its position in shares of H&E Equipment Services by 10.2% in the 2nd quarter. Summit Global Investments now owns 23,464 shares of the industrial products company's stock worth $1,036,000 after purchasing an additional 2,168 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, B. Riley reissued a "buy" rating and issued a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.25.

H&E Equipment Services Trading Down 0.2 %

Shares of HEES stock traded down $0.14 on Friday, hitting $55.89. The stock had a trading volume of 177,838 shares, compared to its average volume of 268,947. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a twelve month low of $40.92 and a twelve month high of $66.18. The company has a fifty day moving average price of $55.77 and a two-hundred day moving average price of $49.71. The firm has a market cap of $2.05 billion, a P/E ratio of 14.19, a PEG ratio of 13.24 and a beta of 1.84.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). The business had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm's revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. As a group, analysts forecast that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.10 annualized dividend and a yield of 1.97%. H&E Equipment Services's dividend payout ratio (DPR) is currently 27.92%.

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.