Jade Capital Advisors LLC Buys New Shares in H&E Equipment Services, Inc. (NASDAQ:HEES)

Jade Capital Advisors LLC purchased a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,000 shares of the industrial products company's stock, valued at approximately $1,217,000. Jade Capital Advisors LLC owned 0.07% of H&E Equipment Services at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HEES. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of H&E Equipment Services in the 2nd quarter worth $37,000. CWM LLC raised its stake in shares of H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company's stock worth $41,000 after buying an additional 278 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of H&E Equipment Services during the 1st quarter valued at approximately $62,000. Meeder Asset Management Inc. purchased a new stake in H&E Equipment Services in the 2nd quarter worth approximately $65,000. Finally, Quest Partners LLC bought a new stake in H&E Equipment Services during the 2nd quarter worth approximately $109,000. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Trading Up 5.7 %

Shares of H&E Equipment Services stock traded up $2.91 during trading on Tuesday, hitting $53.95. The stock had a trading volume of 319,632 shares, compared to its average volume of 267,144. H&E Equipment Services, Inc. has a 12 month low of $38.06 and a 12 month high of $66.18. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.61 and a quick ratio of 0.56. The firm's fifty day simple moving average is $47.62 and its 200-day simple moving average is $48.84. The stock has a market cap of $1.97 billion, a PE ratio of 11.55, a PEG ratio of 11.30 and a beta of 1.84.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.12). The company had revenue of $376.30 million during the quarter, compared to the consensus estimate of $382.05 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. As a group, sell-side analysts expect that H&E Equipment Services, Inc. will post 3.52 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Wednesday, August 28th. H&E Equipment Services's payout ratio is 23.55%.

Analysts Set New Price Targets

HEES has been the topic of several recent analyst reports. UBS Group decreased their target price on H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, August 14th. KeyCorp initiated coverage on H&E Equipment Services in a research note on Friday, August 9th. They set a "sector weight" rating for the company. Raymond James initiated coverage on H&E Equipment Services in a report on Friday, June 28th. They set a "market perform" rating on the stock. Finally, Stifel Nicolaus cut their target price on shares of H&E Equipment Services from $65.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, H&E Equipment Services has a consensus rating of "Moderate Buy" and a consensus price target of $61.67.

H&E Equipment Services Company Profile

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.