KG&L Capital Management LLC Purchases New Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

KG&L Capital Management LLC acquired a new position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,126 shares of the industrial products company's stock, valued at approximately $542,000.

Several other large investors have also recently added to or reduced their stakes in HEES. CWM LLC lifted its stake in shares of H&E Equipment Services by 42.5% in the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company's stock worth $41,000 after acquiring an additional 278 shares during the period. Federated Hermes Inc. lifted its position in H&E Equipment Services by 0.7% in the second quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company's stock worth $2,047,000 after purchasing an additional 326 shares during the period. ProShare Advisors LLC boosted its stake in H&E Equipment Services by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 5,781 shares of the industrial products company's stock valued at $371,000 after purchasing an additional 454 shares in the last quarter. Diversified Trust Co increased its position in shares of H&E Equipment Services by 5.3% during the 2nd quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company's stock valued at $443,000 after purchasing an additional 503 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of H&E Equipment Services by 7.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company's stock worth $408,000 after buying an additional 555 shares in the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HEES shares. Stifel Nicolaus lowered their target price on 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. B. Riley reaffirmed a "buy" rating and issued a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. KeyCorp started coverage on shares of H&E Equipment Services in a research note on Friday, August 9th. They set a "sector weight" rating for the company. Finally, UBS Group decreased their price target on shares of H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, H&E Equipment Services has a consensus rating of "Moderate Buy" and a consensus target price of $61.25.

H&E Equipment Services Trading Down 3.2 %

Shares of HEES traded down $1.67 during midday trading on Monday, hitting $50.23. The stock had a trading volume of 218,753 shares, compared to its average volume of 272,512. The business has a 50-day simple moving average of $49.09 and a two-hundred day simple moving average of $48.24. The firm has a market cap of $1.84 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 11.93 and a beta of 1.82. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a fifty-two week low of $40.92 and a fifty-two week high of $66.18.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. During the same period in the prior year, the business posted $1.46 EPS. The company's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts forecast that H&E Equipment Services, Inc. will post 3.34 EPS for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, August 28th. H&E Equipment Services's payout ratio is 27.92%.

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.