Foundry Partners LLC Boosts Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Foundry Partners LLC raised its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 100,432 shares of the industrial products company's stock after purchasing an additional 6,097 shares during the period. Foundry Partners LLC owned approximately 0.27% of H&E Equipment Services worth $4,917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Victory Capital Management Inc. boosted its position in H&E Equipment Services by 1,238.8% in 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. Vaughan Nelson Investment Management L.P. purchased a new position in shares of H&E Equipment Services in the fourth quarter worth approximately $28,780,000. American Century Companies Inc. grew its position in H&E Equipment Services by 17.2% during the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company's stock valued at $104,493,000 after buying an additional 313,880 shares during the period. Fisher Asset Management LLC increased its holdings in H&E Equipment Services by 77.1% during the fourth quarter. Fisher Asset Management LLC now owns 348,656 shares of the industrial products company's stock valued at $17,070,000 after buying an additional 151,761 shares during the last quarter. Finally, Sei Investments Co. bought a new position in H&E Equipment Services in the fourth quarter worth approximately $5,853,000. Institutional investors own 84.08% of the company's stock.

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H&E Equipment Services Stock Down 0.9 %

Shares of HEES stock traded down $0.87 during mid-day trading on Thursday, hitting $92.77. The stock had a trading volume of 270,595 shares, compared to its average volume of 513,746. The firm has a market capitalization of $3.40 billion, a P/E ratio of 23.51 and a beta of 1.74. 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 12-month low of $40.93 and a 12-month high of $101.28. The firm's 50-day moving average is $93.36 and its two-hundred day moving average is $70.59.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its earnings results 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. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company had revenue of $384.08 million during the quarter, compared to analysts' expectations of $372.50 million. On average, analysts predict that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio is presently 32.64%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HEES. StockNews.com assumed coverage on shares of H&E Equipment Services in a research report on Sunday. They issued a "hold" rating for the company. UBS Group reaffirmed a "neutral" rating and issued a $92.00 target price (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 two have given a buy rating to the stock. According to MarketBeat, H&E Equipment Services currently has a consensus rating of "Hold" and a consensus price target of $71.33.

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.