Access Financial Services Inc. Has $1.03 Million Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Access Financial Services Inc. lifted its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 20.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,976 shares of the industrial products company's stock after acquiring an additional 3,555 shares during the quarter. Access Financial Services Inc. owned approximately 0.06% of H&E Equipment Services worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Capital Advisors LLC raised its holdings in shares of H&E Equipment Services by 7.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 28,045 shares of the industrial products company's stock valued at $1,370,000 after purchasing an additional 1,935 shares in the last quarter. Diversified Trust Co raised its holdings 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 valued at $520,000 after buying an additional 574 shares in the last quarter. Oliver Luxxe Assets LLC lifted its position in shares of H&E Equipment Services by 6.2% in the fourth quarter. Oliver Luxxe Assets LLC now owns 38,980 shares of the industrial products company's stock worth $1,908,000 after buying an additional 2,259 shares during the last quarter. 272 Capital LP acquired a new stake in shares of H&E Equipment Services in the third quarter worth about $974,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of H&E Equipment Services during the 3rd quarter valued at about $288,000. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Performance

Shares of NASDAQ HEES traded down $0.63 during mid-day trading on Monday, hitting $88.12. The company had a trading volume of 2,010,117 shares, compared to its average volume of 190,349. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $90.66. The firm has a market cap of $3.23 billion, a P/E ratio of 22.37, a PEG ratio of 8.97 and a beta of 1.88. The business's 50-day simple moving average is $56.83 and its 200-day simple moving average is $51.71. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). The firm had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. H&E Equipment Services's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 EPS. As a group, analysts predict that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, November 29th. H&E Equipment Services's dividend payout ratio is 27.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HEES. B. Riley restated a "buy" rating and issued a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. UBS Group reiterated a "neutral" rating and issued a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a research note on Friday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $69.25.

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.