Alliancebernstein L.P. Acquires 2,900 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Alliancebernstein L.P. boosted its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,199 shares of the industrial products company's stock after acquiring an additional 2,900 shares during the quarter. Alliancebernstein L.P. owned 0.10% of H&E Equipment Services worth $1,772,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HEES. Meeder Asset Management Inc. boosted its stake in shares of H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock worth $71,000 after acquiring an additional 220 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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 acquiring an additional 282 shares in the last quarter. Swiss National Bank boosted its stake in shares of H&E Equipment Services by 0.6% during the 4th 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 boosted its stake 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 worth $520,000 after acquiring an additional 574 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 currently owned by institutional investors and hedge funds.

H&E Equipment Services Price Performance

H&E Equipment Services stock traded up $1.77 during mid-day trading on Wednesday, hitting $91.07. 143,801 shares of the company were exchanged, compared to its average volume of 536,409. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The business has a fifty day moving average of $93.94 and a 200 day moving average of $73.23. H&E Equipment Services, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28. The company has a market capitalization of $3.34 billion, a PE ratio of 23.11 and a beta of 1.74.

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 analysts' consensus estimates of $0.81 by $0.18. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.08 million during the quarter, compared to analyst estimates of $372.50 million. As a group, sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio is 32.64%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com initiated coverage on H&E Equipment Services in a research note on Tuesday. They set a "hold" rating for the company. UBS Group reaffirmed a "neutral" rating and issued 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 issued a buy rating to the company. Based on data from MarketBeat.com, H&E Equipment Services presently has a consensus rating of "Hold" and a consensus price target 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.