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

Fisher Asset Management LLC raised its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 77.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,656 shares of the industrial products company's stock after acquiring an additional 151,761 shares during the period. Fisher Asset Management LLC owned 0.95% of H&E Equipment Services worth $17,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in HEES. Millburn Ridgefield Corp acquired a new position in H&E Equipment Services during the third quarter worth approximately $84,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of H&E Equipment Services by 227.7% in 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 period. L.M. Kohn & Company purchased a new stake in H&E Equipment Services in the 3rd quarter valued at $217,000. Creative Planning acquired a new stake in H&E Equipment Services during the 3rd quarter worth $254,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in H&E Equipment Services during the 3rd quarter worth $288,000. Hedge funds and other institutional investors own 84.08% of the company's stock.

H&E Equipment Services Stock Performance

Shares of HEES stock traded up $0.30 during mid-day trading on Friday, hitting $94.15. The stock had a trading volume of 629,607 shares, compared to its average volume of 436,485. The firm has a market cap of $3.45 billion, a PE ratio of 23.90 and a beta of 1.93. The company's 50-day simple moving average is $80.63 and its 200-day simple moving average is $61.90. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services, Inc. has a fifty-two week low of $40.93 and a fifty-two week high of $101.28.

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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 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.18. The firm had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. Sell-side analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.17%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's payout ratio is currently 32.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HEES shares. UBS Group reaffirmed a "neutral" rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com started coverage on H&E Equipment Services in a research report on Wednesday. They issued a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $71.33.

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.