Intech Investment Management LLC Increases Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Intech Investment Management LLC raised its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 144.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,179 shares of the industrial products company's stock after buying an additional 10,138 shares during the quarter. Intech Investment Management LLC's holdings in H&E Equipment Services were worth $841,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Victory Capital Management Inc. grew its stake in H&E Equipment Services by 1,238.8% during the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock valued at $33,778,000 after acquiring an additional 638,379 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of H&E Equipment Services in the fourth quarter valued at approximately $28,780,000. Fisher Asset Management LLC increased its holdings in shares of H&E Equipment Services by 77.1% in the fourth quarter. Fisher Asset Management LLC now owns 348,656 shares of the industrial products company's stock valued at $17,070,000 after purchasing an additional 151,761 shares during the last quarter. Natixis Advisors LLC purchased a new position in H&E Equipment Services during the fourth quarter worth approximately $5,809,000. Finally, Raymond James Financial Inc. acquired a new position in H&E Equipment Services during the fourth quarter worth $3,639,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Trading Down 0.1 %

HEES traded down $0.09 on Tuesday, hitting $95.89. The company had a trading volume of 112,573 shares, compared to its average volume of 465,356. The company's fifty day moving average price is $91.87 and its 200 day moving average price is $66.11. H&E Equipment Services, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The firm has a market cap of $3.52 billion, a P/E ratio of 24.34 and a beta of 1.94.

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H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $372.50 million. As a group, equities analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid 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 presently 32.64%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. UBS Group reaffirmed a "neutral" rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com initiated coverage on shares of H&E Equipment Services in a report on Friday. They issued a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $71.33.

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.