Kennedy Capital Management LLC Sells 52,755 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Kennedy Capital Management LLC decreased its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 47.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,680 shares of the industrial products company's stock after selling 52,755 shares during the period. Kennedy Capital Management LLC owned 0.16% of H&E Equipment Services worth $2,873,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of H&E Equipment Services by 17.2% in the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company's stock worth $104,493,000 after acquiring an additional 313,880 shares during the period. Pertento Partners LLP grew its position in H&E Equipment Services by 13.1% during the fourth quarter. Pertento Partners LLP now owns 1,030,094 shares of the industrial products company's stock valued at $50,433,000 after acquiring an additional 119,151 shares during the last quarter. State Street Corp raised its stake in shares of H&E Equipment Services by 2.9% during the third quarter. State Street Corp now owns 779,075 shares of the industrial products company's stock worth $37,925,000 after acquiring an additional 21,805 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company's stock worth $36,762,000 after acquiring an additional 4,226 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in H&E Equipment Services by 1,238.8% in the fourth quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock worth $33,778,000 after purchasing an additional 638,379 shares during the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HEES. StockNews.com initiated coverage on H&E Equipment Services in a research note on Monday, April 14th. They issued a "hold" rating for the company. UBS Group reiterated a "neutral" rating and issued a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $71.33.

H&E Equipment Services Trading Up 0.0 %

Shares of NASDAQ HEES traded up $0.04 during trading hours on Friday, hitting $90.73. The company's stock had a trading volume of 442,103 shares, compared to its average volume of 532,951. H&E Equipment Services, Inc. has a 12 month low of $40.93 and a 12 month high of $101.28. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 23.03 and a beta of 1.74. 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 business has a 50-day simple moving average of $93.86 and a 200-day simple moving average of $72.51.

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

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were issued a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a yield of 1.21%. H&E Equipment Services's dividend payout ratio (DPR) is presently 32.64%.

H&E Equipment Services 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.