Geode Capital Management LLC Decreases Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Geode Capital Management LLC decreased its position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 748,811 shares of the industrial products company's stock after selling 6,206 shares during the quarter. Geode Capital Management LLC owned 2.05% of H&E Equipment Services worth $36,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HEES. State Street Corp lifted its stake in shares of H&E Equipment Services by 2.9% in the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company's stock valued at $37,925,000 after purchasing an additional 21,805 shares during the last quarter. Barclays PLC boosted its stake in H&E Equipment Services by 185.1% during the third quarter. Barclays PLC now owns 61,018 shares of the industrial products company's stock worth $2,972,000 after buying an additional 39,617 shares during the period. Wilmington Savings Fund Society FSB bought a new position in H&E Equipment Services during the third quarter valued at $288,000. 272 Capital LP purchased a new stake in shares of H&E Equipment Services in the third quarter valued at $974,000. Finally, Oliver Luxxe Assets LLC lifted its holdings in shares of H&E Equipment Services by 6.2% in the 4th quarter. Oliver Luxxe Assets LLC now owns 38,980 shares of the industrial products company's stock worth $1,908,000 after acquiring an additional 2,259 shares during the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Trading Up 0.0 %

H&E Equipment Services stock traded up $0.04 during trading hours on Friday, hitting $90.73. The company had a trading volume of 442,103 shares, compared to its average volume of 533,934. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The firm has a market cap of $3.33 billion, a P/E ratio of 23.03 and a beta of 1.74. The company has a 50-day moving average price of $93.86 and a two-hundred day moving average price of $72.84. H&E Equipment Services, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.18. The company had revenue of $384.08 million for the quarter, compared to analysts' expectations of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. On average, 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 issued a $0.275 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.21%. H&E Equipment Services's payout ratio is currently 32.64%.

Analysts Set New Price Targets

HEES has been the topic of several analyst reports. StockNews.com started coverage on shares of H&E Equipment Services in a report on Monday, April 14th. They set a "hold" rating on the stock. UBS Group reaffirmed a "neutral" rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.