Algert Global LLC Has $6.01 Million Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Algert Global LLC raised its position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 40.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 123,498 shares of the industrial products company's stock after buying an additional 35,503 shares during the period. Algert Global LLC owned about 0.34% of H&E Equipment Services worth $6,012,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in HEES. American Century Companies Inc. boosted its stake in H&E Equipment Services by 104.6% in the second quarter. American Century Companies Inc. now owns 1,410,554 shares of the industrial products company's stock valued at $62,304,000 after acquiring an additional 721,270 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of H&E Equipment Services by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company's stock worth $27,842,000 after purchasing an additional 41,749 shares during the period. abrdn plc increased its holdings in H&E Equipment Services by 5.2% in the third quarter. abrdn plc now owns 338,938 shares of the industrial products company's stock valued at $16,500,000 after purchasing an additional 16,681 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in H&E Equipment Services by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 275,363 shares of the industrial products company's stock valued at $12,163,000 after buying an additional 770 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in H&E Equipment Services by 8.9% in the second quarter. Panagora Asset Management Inc. now owns 199,074 shares of the industrial products company's stock valued at $8,793,000 after buying an additional 16,342 shares during the period. Institutional investors own 84.08% of the company's stock.

H&E Equipment Services Stock Up 3.7 %

HEES stock traded up $2.08 during trading hours on Friday, reaching $58.76. 235,704 shares of the stock were exchanged, compared to its average volume of 305,839. The firm's 50-day moving average is $52.64 and its 200-day moving average is $48.72. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $66.18. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 12.94 and a beta of 1.82. 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 (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). The firm had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 earnings per share. On average, equities research analysts expect that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. H&E Equipment Services's dividend payout ratio is presently 27.92%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HEES. UBS Group lowered their price target on H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, August 14th. Stifel Nicolaus cut their target price on shares of H&E Equipment Services from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. B. Riley reissued a "buy" rating and set a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Finally, KeyCorp started coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They issued a "sector weight" rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, H&E Equipment Services has an average rating of "Moderate Buy" and an average target price of $61.25.

H&E Equipment Services Company 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.