Semanteon Capital Management LP Purchases 14,710 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Semanteon Capital Management LP increased its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 230.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,103 shares of the industrial products company's stock after acquiring an additional 14,710 shares during the quarter. Semanteon Capital Management LP owned about 0.06% of H&E Equipment Services worth $1,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. raised its holdings in H&E Equipment Services by 104.6% during the 2nd quarter. American Century Companies Inc. now owns 1,410,554 shares of the industrial products company's stock worth $62,304,000 after buying an additional 721,270 shares during the period. Loews Corp acquired a new stake in shares of H&E Equipment Services in the second quarter valued at approximately $5,742,000. Assenagon Asset Management S.A. raised its holdings in shares of H&E Equipment Services by 186.0% in the third quarter. Assenagon Asset Management S.A. now owns 194,102 shares of the industrial products company's stock valued at $9,449,000 after purchasing an additional 126,244 shares during the last quarter. Castleark Management LLC acquired a new stake in shares of H&E Equipment Services in the first quarter valued at approximately $7,046,000. Finally, Millennium Management LLC raised its holdings in shares of H&E Equipment Services by 200.6% in the second quarter. Millennium Management LLC now owns 133,554 shares of the industrial products company's stock valued at $5,899,000 after purchasing an additional 89,128 shares during the last quarter. Institutional investors own 84.08% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HEES. KeyCorp began coverage on shares of H&E Equipment Services in a report on Friday, August 9th. They issued a "sector weight" rating on the stock. UBS Group lowered their price objective on shares of H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. Finally, Stifel Nicolaus lowered their target price on shares of H&E Equipment Services from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $61.67.

H&E Equipment Services Stock Performance

HEES stock traded up $1.13 during midday trading on Monday, reaching $56.59. 383,345 shares of the company were exchanged, compared to its average volume of 270,537. 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 business has a 50-day moving average price of $48.39 and a two-hundred day moving average price of $48.57. H&E Equipment Services, Inc. has a one year low of $39.79 and a one year high of $66.18. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 11.71 and a beta of 1.84.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its quarterly earnings data 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). H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The company had revenue of $376.30 million for the quarter, compared to the consensus estimate of $382.05 million. During the same period last year, the firm earned $1.14 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts forecast that H&E Equipment Services, Inc. will post 3.52 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.94%. H&E Equipment Services's payout ratio is presently 23.55%.

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.