Klein Pavlis & Peasley Financial Inc. Grows Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Klein Pavlis & Peasley Financial Inc. grew its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 28.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,335 shares of the industrial products company's stock after buying an additional 3,420 shares during the period. Klein Pavlis & Peasley Financial Inc.'s holdings in H&E Equipment Services were worth $751,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Millburn Ridgefield Corp bought a new stake in shares of H&E Equipment Services in the 3rd quarter worth approximately $84,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company's stock worth $134,000 after purchasing an additional 1,910 shares during the last quarter. L.M. Kohn & Company bought a new position in H&E Equipment Services during the third quarter valued at approximately $217,000. Creative Planning purchased a new position in H&E Equipment Services in the 3rd quarter worth $254,000. Finally, Americana Partners LLC bought a new stake in shares of H&E Equipment Services in the 3rd quarter valued at about $283,000. 84.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on HEES. UBS Group reissued a "neutral" rating and issued a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. B. Riley reiterated a "buy" rating and set a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Finally, StockNews.com initiated coverage on shares of H&E Equipment Services in a report on Sunday. They issued a "hold" rating for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $69.25.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES traded down $0.59 during midday trading on Monday, reaching $86.81. The stock had a trading volume of 423,552 shares, compared to its average volume of 1,441,477. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 22.03 and a beta of 1.93. 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 stock has a 50-day moving average of $65.73 and a 200-day moving average of $55.91. H&E Equipment Services, Inc. has a 12-month low of $40.92 and a 12-month high of $90.66.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, February 18th. H&E Equipment Services's dividend payout ratio (DPR) is currently 27.92%.

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.