EFG Asset Management North America Corp. Purchases 29,750 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

EFG Asset Management North America Corp. raised its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 143.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,484 shares of the industrial products company's stock after purchasing an additional 29,750 shares during the period. EFG Asset Management North America Corp. owned about 0.14% of H&E Equipment Services worth $2,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in HEES. KLP Kapitalforvaltning AS purchased a new position in shares of H&E Equipment Services in the 4th quarter valued at $313,000. Sei Investments Co. acquired a new position in shares of H&E Equipment Services during the 4th quarter worth $5,853,000. American Century Companies Inc. lifted its holdings in shares of H&E Equipment Services by 17.2% in 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 purchasing an additional 313,880 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of H&E Equipment Services by 144.0% during the 4th quarter. Intech Investment Management LLC now owns 17,179 shares of the industrial products company's stock worth $841,000 after purchasing an additional 10,138 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of H&E Equipment Services by 18.4% during the 4th quarter. Advisors Asset Management Inc. now owns 76,483 shares of the industrial products company's stock worth $3,745,000 after purchasing an additional 11,875 shares during the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

HEES has been the subject of a number of recent research reports. StockNews.com initiated coverage on H&E Equipment Services in a research report on Saturday. They set a "hold" rating for the company. UBS Group restated 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 report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, H&E Equipment Services presently has a consensus rating of "Hold" and a consensus price target of $71.33.

H&E Equipment Services Stock Down 0.1 %

H&E Equipment Services stock traded down $0.05 during midday trading on Friday, hitting $95.43. The stock had a trading volume of 332,672 shares, compared to its average volume of 487,803. The business has a fifty day moving average price of $92.39 and a 200 day moving average price of $67.42. H&E Equipment Services, Inc. has a 12 month low of $40.93 and a 12 month high of $101.28. The stock has a market cap of $3.50 billion, a P/E ratio of 24.22 and a beta of 1.94. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

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 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 business had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. Research analysts predict that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's payout ratio is 32.64%.

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.