Charles Schwab Investment Management Inc. Reduces Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Charles Schwab Investment Management Inc. lowered its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 535,589 shares of the industrial products company's stock after selling 36,358 shares during the period. Charles Schwab Investment Management Inc. owned 1.46% of H&E Equipment Services worth $26,222,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Millburn Ridgefield Corp bought a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $84,000. Point72 Asia Singapore Pte. Ltd. grew 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 worth $134,000 after acquiring an additional 1,910 shares during the period. L.M. Kohn & Company bought a new position in shares of H&E Equipment Services in the 3rd quarter worth approximately $217,000. Wilmington Savings Fund Society FSB purchased a new position in shares of H&E Equipment Services in the 3rd quarter valued at approximately $288,000. Finally, 272 Capital LP bought a new stake in shares of H&E Equipment Services during the third quarter valued at approximately $295,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on HEES. UBS Group reissued 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 report on Friday, January 17th. StockNews.com started coverage on shares of H&E Equipment Services in a research note on Friday. They issued a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $71.33.

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H&E Equipment Services Stock Down 0.0 %

Shares of HEES traded down $0.03 during trading hours on Friday, hitting $95.05. The company had a trading volume of 379,600 shares, compared to its average volume of 463,632. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 24.13 and a beta of 1.94. The firm has a fifty day moving average price of $89.80 and a 200-day moving average price of $65.13. H&E Equipment Services, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business had revenue of $384.08 million during the quarter, compared to analysts' expectations of $372.50 million. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.275 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.16%. H&E Equipment Services's payout ratio is 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.