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

Intech Investment Management LLC grew its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 144.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund 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 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of H&E Equipment Services by 409.2% in the third quarter. Victory Capital Management Inc. now owns 51,532 shares of the industrial products company's stock worth $2,509,000 after purchasing an additional 41,412 shares during the last quarter. Advisors Asset Management Inc. grew its stake in H&E Equipment Services by 6.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 64,608 shares of the industrial products company's stock worth $3,145,000 after acquiring an additional 3,832 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of H&E Equipment Services by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company's stock worth $27,842,000 after acquiring an additional 41,749 shares during the period. Algert Global LLC increased its position in shares of H&E Equipment Services by 40.3% during the third quarter. Algert Global LLC now owns 123,498 shares of the industrial products company's stock worth $6,012,000 after acquiring an additional 35,503 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of H&E Equipment Services by 14.8% during the third quarter. Fisher Asset Management LLC now owns 196,895 shares of the industrial products company's stock valued at $9,585,000 after acquiring an additional 25,413 shares in the last quarter. Institutional investors own 84.08% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have weighed in on HEES shares. UBS Group reiterated a "neutral" rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com started coverage on shares of H&E Equipment Services in a report on Friday, March 21st. They set a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, H&E Equipment Services presently has an average rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Stock Down 0.2 %

HEES traded down $0.19 during trading on Thursday, hitting $95.48. The stock had a trading volume of 319,443 shares, compared to its average volume of 466,055. The stock has a 50 day simple moving average of $92.11 and a two-hundred day simple moving average of $66.69. The company has a market capitalization of $3.50 billion, a PE ratio of 24.23 and a beta of 1.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. H&E Equipment Services, Inc. has a twelve month low of $40.93 and a twelve month high of $101.28.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm had revenue of $384.08 million for the quarter, compared to the consensus estimate of $372.50 million. On average, research analysts predict that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's payout ratio is currently 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.