H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Bought by Barclays PLC

Barclays PLC raised its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 185.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,018 shares of the industrial products company's stock after acquiring an additional 39,617 shares during the quarter. Barclays PLC owned approximately 0.17% of H&E Equipment Services worth $2,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HEES. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of H&E Equipment Services during the second quarter valued at approximately $37,000. Meeder Asset Management Inc. bought a new stake in H&E Equipment Services during the 2nd quarter valued at $65,000. Millburn Ridgefield Corp purchased a new stake in shares of H&E Equipment Services in the 3rd quarter worth $84,000. Quest Partners LLC bought a new position in shares of H&E Equipment Services during the 2nd quarter worth $109,000. Finally, Bailard Inc. purchased a new position in shares of H&E Equipment Services during the second quarter valued at $203,000. Hedge funds and other institutional investors own 84.08% of the company's stock.

H&E Equipment Services Stock Up 2.1 %

H&E Equipment Services stock traded up $1.01 during trading hours on Wednesday, reaching $50.21. The stock had a trading volume of 65,738 shares, compared to its average volume of 268,247. H&E Equipment Services, Inc. has a 52 week low of $40.92 and a 52 week high of $66.18. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 13.24 and a beta of 1.84. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The business's 50 day moving average price is $55.77 and its 200-day moving average price is $50.05.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.46 EPS. Sell-side analysts anticipate that H&E Equipment Services, Inc. will post 3.27 EPS for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 annualized dividend and a dividend yield of 2.19%. H&E Equipment Services's dividend payout ratio is presently 27.92%.

Analysts Set New Price Targets

Separately, B. Riley reiterated a "buy" rating and set a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $61.25.

H&E Equipment Services 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.