Private Capital Management LLC Purchases Shares of 26,400 H&E Equipment Services, Inc. (NASDAQ:HEES)

Private Capital Management 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 filing with the Securities & Exchange Commission. The institutional investor purchased 26,400 shares of the industrial products company's stock, valued at approximately $1,285,000. Private Capital Management LLC owned 0.07% of H&E Equipment Services as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HEES. Vaughan Nelson Investment Management L.P. purchased a new position in H&E Equipment Services during the fourth quarter valued at approximately $28,780,000. Bridgewater Associates LP purchased a new position in shares of H&E Equipment Services during the 3rd quarter valued at $3,489,000. Two Sigma Advisers LP grew its position in shares of H&E Equipment Services by 36.4% during the 3rd quarter. Two Sigma Advisers LP now owns 237,785 shares of the industrial products company's stock valued at $11,575,000 after purchasing an additional 63,500 shares in the last quarter. TT International Asset Management LTD increased its holdings in shares of H&E Equipment Services by 715.2% in the third quarter. TT International Asset Management LTD now owns 54,783 shares of the industrial products company's stock worth $2,666,000 after purchasing an additional 48,063 shares during the period. Finally, Blue Zone Wealth Advisors LLC purchased a new stake in shares of H&E Equipment Services in the fourth quarter worth $2,240,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Price Performance

HEES traded down $1.09 during trading on Tuesday, reaching $94.00. The stock had a trading volume of 936,125 shares, compared to its average volume of 1,322,912. The business has a 50-day moving average of $78.00 and a 200-day moving average of $61.11. H&E Equipment Services, Inc. has a one year low of $40.92 and a one year high of $101.28. 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 market cap of $3.44 billion, a PE ratio of 23.86 and a beta of 1.93.

Remove Ads

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.81 by $0.18. The firm had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. As a group, equities research analysts anticipate that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio (DPR) is presently 32.64%.

Analyst Upgrades and Downgrades

HEES has been the subject of several recent analyst reports. UBS Group restated 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 assumed coverage on H&E Equipment Services in a report on Tuesday, February 25th. They set a "hold" rating for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, H&E Equipment Services has an average rating of "Hold" and a consensus 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.