H&E Equipment Services, Inc. (NASDAQ:HEES) Position Cut by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 39.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 347,475 shares of the industrial products company's stock after selling 230,689 shares during the period. Janus Henderson Group PLC owned about 0.95% of H&E Equipment Services worth $16,915,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. CWM LLC lifted its position in H&E Equipment Services by 42.5% during the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company's stock worth $41,000 after acquiring an additional 278 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of H&E Equipment Services by 0.7% during 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 stake in shares of H&E Equipment Services by 5.3% in the second quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company's stock valued at $443,000 after purchasing an additional 503 shares during the period. Nisa Investment Advisors LLC grew its holdings in H&E Equipment Services by 7.1% during the 3rd 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 increased its stake in H&E Equipment Services by 3.5% during 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 during the period. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Up 0.7 %

H&E Equipment Services stock traded up $0.42 during midday trading on Friday, hitting $59.99. The stock had a trading volume of 179,971 shares, compared to its average volume of 211,347. The business has a fifty day moving average price of $55.09 and a 200 day moving average price of $49.47. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $66.18. The stock has a market cap of $2.20 billion, a P/E ratio of 15.23, a P/E/G ratio of 13.49 and a beta of 1.84. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.15). The firm had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. H&E Equipment Services's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. Research analysts predict that H&E Equipment Services, Inc. will post 3.34 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.275 per share. The ex-dividend date is Friday, November 29th. This represents a $1.10 annualized dividend and a yield of 1.83%. H&E Equipment Services's payout ratio is 27.92%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HEES shares. B. Riley reissued a "buy" rating and issued a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. UBS Group reduced their price target on H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.25.

About H&E Equipment Services

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.