Banco BTG Pactual S.A. Takes $338,000 Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Banco BTG Pactual S.A. acquired a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,000 shares of the industrial products company's stock, valued at approximately $338,000.

Several other hedge funds have also recently made changes to their positions in HEES. Access Financial Services Inc. increased its holdings in shares of H&E Equipment Services by 20.4% in the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company's stock valued at $1,027,000 after purchasing an additional 3,555 shares during the period. Geode Capital Management LLC increased its holdings in H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company's stock worth $36,762,000 after buying an additional 4,226 shares during the period. State Street Corp raised its position in H&E Equipment Services by 2.9% during the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company's stock worth $37,925,000 after buying an additional 21,805 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in H&E Equipment Services by 17.7% during the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company's stock valued at $325,000 after acquiring an additional 1,000 shares during the period. Finally, Holocene Advisors LP purchased a new stake in shares of H&E Equipment Services in the 3rd quarter valued at $524,000. 84.08% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

HEES has been the subject of several recent research reports. StockNews.com began coverage on shares of H&E Equipment Services in a report on Saturday. They set a "hold" rating for the company. UBS Group reiterated a "neutral" rating and set a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $71.33.

H&E Equipment Services Trading Down 0.7 %

Shares of HEES opened at $94.79 on Tuesday. The firm's fifty day moving average is $92.53 and its two-hundred day moving average is $67.96. The stock has a market cap of $3.48 billion, a PE ratio of 24.06 and a beta of 1.94. 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, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.18. The company 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%. Research analysts forecast that H&E Equipment Services, Inc. will post 3.25 earnings per share 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. Stockholders of record on Tuesday, February 18th were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.16%. H&E Equipment Services's dividend payout ratio (DPR) is presently 32.64%.

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.