Fisher Asset Management LLC Boosts Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Fisher Asset Management LLC lifted its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 14.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 196,895 shares of the industrial products company's stock after purchasing an additional 25,413 shares during the period. Fisher Asset Management LLC owned 0.54% of H&E Equipment Services worth $9,585,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of HEES. Point72 Asia Singapore Pte. Ltd. acquired a new position in H&E Equipment Services in the second quarter valued at $37,000. CWM LLC lifted its holdings in H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company's stock valued at $41,000 after buying an additional 278 shares during the period. Meeder Asset Management Inc. acquired a new position in H&E Equipment Services in the second quarter valued at $65,000. Quest Partners LLC acquired a new position in H&E Equipment Services in the second quarter valued at $109,000. Finally, Bailard Inc. acquired a new position in H&E Equipment Services in the second quarter valued at $203,000. Institutional investors and hedge funds own 84.08% of the company's stock.

H&E Equipment Services Stock Down 1.6 %

Shares of HEES traded down $0.94 on Thursday, reaching $59.33. The company's stock had a trading volume of 135,788 shares, compared to its average volume of 271,134. 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 twelve month low of $40.92 and a twelve month high of $66.18. The stock has a market capitalization of $2.17 billion, a PE ratio of 15.06, a PEG ratio of 13.88 and a beta of 1.82. The firm has a fifty day moving average of $53.50 and a 200-day moving average of $48.95.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. During the same quarter in the prior year, the company earned $1.46 EPS. The company's revenue was down 4.0% on a year-over-year basis. Equities analysts predict that H&E Equipment Services, Inc. will post 3.34 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.85%. H&E Equipment Services's dividend payout ratio is presently 27.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. UBS Group dropped their target price on shares of H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. KeyCorp assumed coverage on shares of H&E Equipment Services in a research note on Friday, August 9th. They issued a "sector weight" rating for the company. Stifel Nicolaus decreased their price target on shares of H&E Equipment Services from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. Finally, B. Riley reaffirmed a "buy" rating and issued a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.25.

H&E Equipment Services Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.