Blue Zone Wealth Advisors LLC Buys New Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Blue Zone Wealth Advisors LLC acquired a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 45,752 shares of the industrial products company's stock, valued at approximately $2,240,000. Blue Zone Wealth Advisors LLC owned about 0.12% of H&E Equipment Services as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Millburn Ridgefield Corp purchased a new stake in H&E Equipment Services during the 3rd quarter valued at about $84,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of H&E Equipment Services by 227.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company's stock valued at $134,000 after acquiring an additional 1,910 shares during the last quarter. L.M. Kohn & Company purchased a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $217,000. Creative Planning purchased a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $254,000. Finally, Americana Partners LLC purchased a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $283,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HEES has been the topic of a number of recent analyst reports. B. Riley reaffirmed a "buy" rating and set a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. StockNews.com initiated coverage on shares of H&E Equipment Services in a report on Monday. They set a "hold" rating on the stock. Finally, UBS Group reaffirmed a "neutral" rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $69.25.

H&E Equipment Services Stock Performance

Shares of NASDAQ:HEES traded up $0.20 during trading on Thursday, hitting $100.35. The company's stock had a trading volume of 1,233,721 shares, compared to its average volume of 1,473,188. The company has a 50-day moving average of $71.73 and a 200-day moving average of $58.39. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $101.28. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 25.47 and a beta of 1.93.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, February 18th. H&E Equipment Services's payout ratio is 27.92%.

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.