Proficio Capital Partners LLC Makes New Investment in H&E Equipment Services, Inc. (NASDAQ:HEES)

Proficio Capital Partners LLC acquired a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,090 shares of the industrial products company's stock, valued at approximately $1,522,000. Proficio Capital Partners LLC owned approximately 0.08% of H&E Equipment Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HEES. Millburn Ridgefield Corp acquired a new position in H&E Equipment Services during the 3rd quarter valued at approximately $84,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company's stock valued at $134,000 after buying an additional 1,910 shares during the last quarter. L.M. Kohn & Company acquired a new position in shares of H&E Equipment Services in the 3rd quarter valued at $217,000. Wilmington Savings Fund Society FSB acquired a new position in shares of H&E Equipment Services in the 3rd quarter valued at $288,000. Finally, 272 Capital LP purchased a new position in H&E Equipment Services in the 3rd quarter worth $295,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Performance

NASDAQ:HEES traded up $0.94 during mid-day trading on Monday, hitting $95.97. The company's stock had a trading volume of 565,701 shares, compared to its average volume of 465,356. The business's fifty day moving average is $90.82 and its two-hundred day moving average is $65.75. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 24.36 and a beta of 1.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28.

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

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.275 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.15%. H&E Equipment Services's payout ratio is 32.64%.

Analyst Upgrades and Downgrades

HEES has been the topic of several research analyst reports. UBS Group reiterated a "neutral" rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com started coverage on H&E Equipment Services in a research report on Friday. They issued a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $71.33.

H&E Equipment Services Company 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.