Proficio Capital Partners LLC Invests $1.52 Million in H&E Equipment Services, Inc. (NASDAQ:HEES)

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

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Millburn Ridgefield Corp acquired a new stake in shares of H&E Equipment Services during the third quarter worth about $84,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of H&E Equipment Services by 227.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company's stock valued at $134,000 after purchasing 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 third quarter valued at approximately $217,000. Creative Planning purchased a new stake in shares of H&E Equipment Services during the third quarter worth approximately $254,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of H&E Equipment Services during the third quarter worth $288,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Price Performance

Shares of HEES traded down $0.75 during trading hours on Monday, reaching $93.40. The company had a trading volume of 611,800 shares, compared to its average volume of 439,357. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a 12-month low of $40.93 and a 12-month high of $101.28. The firm has a 50 day simple moving average of $81.52 and a 200-day simple moving average of $62.46. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 23.71 and a beta of 1.94.

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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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company had revenue of $384.08 million during the quarter, compared to analysts' expectations of $372.50 million. Research analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given 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 yield of 1.18%. H&E Equipment Services's payout ratio is 32.64%.

Analyst Ratings Changes

A number of brokerages have commented on HEES. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Wednesday, March 5th. They set a "hold" rating for the company. UBS Group reiterated a "neutral" rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.