74,333 Shares in H&E Equipment Services, Inc. (NASDAQ:HEES) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 74,333 shares of the industrial products company's stock, valued at approximately $3,639,000. Raymond James Financial Inc. owned about 0.20% of H&E Equipment Services at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Millburn Ridgefield Corp bought a new position in H&E Equipment Services in the third quarter valued at about $84,000. Point72 Asia Singapore Pte. Ltd. boosted 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 stake in shares of H&E Equipment Services during the 3rd quarter worth approximately $217,000. Wilmington Savings Fund Society FSB bought a new stake in shares of H&E Equipment Services during the third quarter worth approximately $288,000. Finally, 272 Capital LP acquired a new position in H&E Equipment Services in the third quarter valued at approximately $295,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on HEES. StockNews.com assumed coverage on shares of H&E Equipment Services in a report on Saturday. They set a "hold" rating for the company. UBS Group reaffirmed a "neutral" rating and set a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $71.33.

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H&E Equipment Services Trading Down 0.7 %

Shares of NASDAQ HEES traded down $0.64 during midday trading on Monday, reaching $94.79. 604,039 shares of the stock were exchanged, compared to its average volume of 488,266. H&E Equipment Services, Inc. has a 12 month low of $40.93 and a 12 month high of $101.28. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 24.06 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. The business has a 50-day simple moving average of $92.53 and a two-hundred day simple moving average of $67.96.

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

H&E Equipment Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's payout ratio is presently 32.64%.

About H&E Equipment Services

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.