KLP Kapitalforvaltning AS Makes New Investment in H&E Equipment Services, Inc. (NASDAQ:HEES)

KLP Kapitalforvaltning AS acquired a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,400 shares of the industrial products company's stock, valued at approximately $313,000.

Several other hedge funds have also recently modified their holdings of HEES. Jones Financial Companies Lllp increased its position in shares of H&E Equipment Services by 2.4% during the fourth quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company's stock valued at $601,000 after acquiring an additional 282 shares during the last quarter. Swiss National Bank grew its stake in H&E Equipment Services by 0.6% in the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company's stock valued at $3,163,000 after purchasing an additional 400 shares during the period. Diversified Trust Co increased its position in shares of H&E Equipment Services by 5.7% during the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock valued at $520,000 after purchasing an additional 574 shares during the last quarter. Rhumbline Advisers raised its stake in shares of H&E Equipment Services by 1.7% during the 4th quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company's stock worth $2,236,000 after purchasing an additional 745 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in H&E Equipment Services by 15.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock valued at $299,000 after buying an additional 799 shares during the period. Institutional investors own 84.08% of the company's stock.

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H&E Equipment Services Stock Performance

HEES traded down $1.66 on Thursday, hitting $91.98. The company's stock had a trading volume of 676,852 shares, compared to its average volume of 516,659. The company's 50 day simple moving average is $93.45 and its 200-day simple moving average is $70.90. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a 12 month low of $40.93 and a 12 month high of $101.28. The firm has a market cap of $3.37 billion, a P/E ratio of 23.35 and a beta of 1.74.

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

H&E Equipment Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio (DPR) is presently 32.64%.

Analyst Ratings Changes

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

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.