Holocene Advisors LP Purchases New Shares in H&E Equipment Services, Inc. (NASDAQ:HEES)

Holocene Advisors LP acquired a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,767 shares of the industrial products company's stock, valued at approximately $524,000.

Several other hedge funds also recently made changes to their positions in the business. CWM LLC lifted its holdings in shares of H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 278 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of H&E Equipment Services by 0.7% in the second quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company's stock worth $2,047,000 after purchasing an additional 326 shares in the last quarter. Diversified Trust Co boosted its holdings in shares of H&E Equipment Services by 5.3% during the second quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company's stock worth $443,000 after purchasing an additional 503 shares during the period. Nisa Investment Advisors LLC grew its position in H&E Equipment Services by 7.1% during the third quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company's stock valued at $408,000 after purchasing an additional 555 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in H&E Equipment Services by 3.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company's stock worth $810,000 after buying an additional 627 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company's stock.

H&E Equipment Services Stock Performance

Shares of H&E Equipment Services stock traded up $0.42 on Friday, hitting $59.99. 179,971 shares of the company's stock were exchanged, compared to its average volume of 211,347. 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 has a 50-day simple moving average of $55.09 and a 200-day simple moving average of $49.47. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $66.18. The stock has a market capitalization of $2.20 billion, a PE ratio of 15.23, a PEG ratio of 13.49 and a beta of 1.84.

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 the consensus estimate of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company had revenue of $384.86 million for the quarter, compared to analysts' expectations of $388.18 million. During the same period in the previous year, the business earned $1.46 earnings per share. The business's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts anticipate that H&E Equipment Services, Inc. will post 3.34 EPS for the current year.

H&E Equipment Services Dividend Announcement

The company 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 dividend of $0.275 per share. The ex-dividend date is Friday, November 29th. This represents a $1.10 annualized dividend and a dividend yield of 1.83%. H&E Equipment Services's dividend payout ratio (DPR) is currently 27.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HEES shares. B. Riley reiterated a "buy" rating and issued a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. UBS Group reduced their target price on H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.