H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,493 shares of the industrial products company's stock after buying an additional 66,400 shares during the period. First Eagle Investment Management LLC owned about 0.74% of H&E Equipment Services worth $13,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in shares of 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 last quarter. Swiss National Bank grew its holdings in shares of H&E Equipment Services by 0.6% during the fourth quarter. Swiss National Bank now owns 64,600 shares of the industrial products company's stock worth $3,163,000 after purchasing an additional 400 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of H&E Equipment Services during the fourth quarter worth about $3,639,000. Proficio Capital Partners LLC purchased a new position in shares of H&E Equipment Services during the fourth quarter worth about $1,522,000. Finally, Victory Capital Management Inc. grew its holdings in shares of H&E Equipment Services by 1,238.8% during the fourth quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock worth $33,778,000 after purchasing an additional 638,379 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have issued reports on HEES. StockNews.com began coverage on H&E Equipment Services in a report on Thursday, March 13th. They set a "hold" rating on the stock. UBS Group reissued 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, H&E Equipment Services currently has a consensus rating of "Hold" and an average target price of $71.33.

H&E Equipment Services Stock Performance

Shares of NASDAQ HEES traded up $0.84 during midday trading on Wednesday, reaching $94.65. 368,117 shares of the company were exchanged, compared to its average volume of 460,617. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28. The stock has a fifty day simple moving average of $87.83 and a 200 day simple moving average of $64.72. The stock has a market cap of $3.47 billion, a P/E ratio of 24.02 and a beta of 1.94.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its quarterly 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. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio 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.