American Century Companies Inc. Raises Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

American Century Companies Inc. increased its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 17.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,134,252 shares of the industrial products company's stock after purchasing an additional 313,880 shares during the period. American Century Companies Inc. owned approximately 5.83% of H&E Equipment Services worth $104,493,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its position in shares of H&E Equipment Services by 2.4% during the fourth 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 period. Swiss National Bank boosted its holdings in 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 valued at $3,163,000 after acquiring an additional 400 shares during the period. Diversified Trust Co boosted its holdings in 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. Rhumbline Advisers grew its position in 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 acquiring an additional 745 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in H&E Equipment Services by 15.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock worth $299,000 after purchasing an additional 799 shares during the period. Institutional investors and hedge funds own 84.08% of the company's stock.

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Analyst Ratings Changes

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

H&E Equipment Services Stock Up 0.0 %

Shares of HEES traded up $0.02 during mid-day trading on Tuesday, reaching $95.99. The company's stock had a trading volume of 401,212 shares, compared to its average volume of 466,380. 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, Inc. has a 12-month low of $40.93 and a 12-month high of $101.28. The stock has a market cap of $3.52 billion, a PE ratio of 24.36 and a beta of 1.94. The company's 50 day moving average is $91.87 and its 200 day moving average is $66.11.

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

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a $0.275 dividend. The ex-dividend date 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 presently 32.64%.

About H&E Equipment Services

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.