State Street Corp Has $37.93 Million Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

State Street Corp increased its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 779,075 shares of the industrial products company's stock after buying an additional 21,805 shares during the period. State Street Corp owned 2.13% of H&E Equipment Services worth $37,925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of 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 period. Loews Corp acquired a new stake in H&E Equipment Services in the 2nd quarter worth $5,742,000. Assenagon Asset Management S.A. grew its position in H&E Equipment Services by 186.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 194,102 shares of the industrial products company's stock worth $9,449,000 after purchasing an additional 126,244 shares during the last quarter. Millennium Management LLC increased its holdings in shares of H&E Equipment Services by 200.6% during the 2nd quarter. Millennium Management LLC now owns 133,554 shares of the industrial products company's stock worth $5,899,000 after purchasing an additional 89,128 shares during the period. Finally, Bridgewater Associates LP bought a new stake in shares of H&E Equipment Services in the third quarter valued at about $3,489,000. Institutional investors and hedge funds own 84.08% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley reissued a "buy" rating and set a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. 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 Price Performance

Shares of NASDAQ:HEES traded down $0.58 during midday trading on Friday, reaching $48.79. 397,013 shares of the company's stock were exchanged, compared to its average volume of 269,555. 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 company's 50 day simple moving average is $55.85 and its two-hundred day simple moving average is $49.95. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $66.18. The firm has a market capitalization of $1.79 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 13.24 and a beta of 1.84.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. During the same quarter in the prior year, the business earned $1.46 EPS. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts expect that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, November 29th. H&E Equipment Services's dividend payout ratio (DPR) is 27.92%.

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.