American Century Companies Inc. Buys 313,880 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

American Century Companies Inc. grew its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 17.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,134,252 shares of the industrial products company's stock after acquiring an additional 313,880 shares during the quarter. American Century Companies Inc. owned 5.83% of H&E Equipment Services worth $104,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC increased its stake in H&E Equipment Services by 144.0% during the fourth quarter. Intech Investment Management LLC now owns 17,179 shares of the industrial products company's stock valued at $841,000 after acquiring an additional 10,138 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of H&E Equipment Services by 18.4% during the 4th quarter. Advisors Asset Management Inc. now owns 76,483 shares of the industrial products company's stock worth $3,745,000 after purchasing an additional 11,875 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of H&E Equipment Services during the fourth quarter valued at approximately $5,809,000. First Eagle Investment Management LLC raised its stake in shares of H&E Equipment Services by 32.7% in the fourth quarter. First Eagle Investment Management LLC now owns 269,493 shares of the industrial products company's stock valued at $13,194,000 after purchasing an additional 66,400 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in H&E Equipment Services by 15.0% in 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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H&E Equipment Services Price Performance

NASDAQ:HEES traded down $0.05 during trading hours on Friday, reaching $95.43. The company had a trading volume of 332,672 shares, compared to its average volume of 487,803. The firm has a market capitalization of $3.50 billion, a PE ratio of 24.22 and a beta of 1.94. The stock has a 50-day moving average of $92.25 and a two-hundred day moving average of $66.89. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.18. The business had revenue of $384.08 million during 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%. Analysts forecast that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's payout ratio is currently 32.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com began coverage on shares of H&E Equipment Services in a report on Friday, March 21st. They issued a "hold" rating on the stock. UBS Group reissued 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 note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $71.33.

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.