Advisors Asset Management Inc. Buys 11,875 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Advisors Asset Management Inc. increased its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,483 shares of the industrial products company's stock after purchasing an additional 11,875 shares during the period. Advisors Asset Management Inc. owned approximately 0.21% of H&E Equipment Services worth $3,745,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Millburn Ridgefield Corp bought a new stake in shares of H&E Equipment Services in the 3rd quarter worth about $84,000. Point72 Asia Singapore Pte. Ltd. grew its position in H&E Equipment Services by 227.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company's stock worth $134,000 after acquiring an additional 1,910 shares in the last quarter. L.M. Kohn & Company bought a new stake in H&E Equipment Services during the third quarter worth approximately $217,000. Wilmington Savings Fund Society FSB purchased a new stake in H&E Equipment Services during the third quarter valued at approximately $288,000. Finally, 272 Capital LP bought a new stake in shares of H&E Equipment Services in the 3rd quarter valued at approximately $295,000. Hedge funds and other institutional investors own 84.08% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com assumed coverage on H&E Equipment Services in a report on Friday. They set a "hold" rating on the stock. UBS Group restated 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, H&E Equipment Services has a consensus rating of "Hold" and a consensus target price of $71.33.

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H&E Equipment Services Trading Up 0.0 %

HEES traded up $0.02 during trading hours on Tuesday, reaching $95.99. 401,212 shares of the company's stock traded hands, compared to its average volume of 465,356. H&E Equipment Services, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28. The firm has a market capitalization of $3.52 billion, a PE ratio of 24.36 and a beta of 1.94. The firm has a 50-day moving average price of $91.87 and a 200 day moving average price of $66.11. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 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 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%. As a group, sell-side analysts predict that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently declared 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 of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.15%. H&E Equipment Services's payout ratio is 32.64%.

H&E Equipment Services 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.