Repertoire Partners LP Invests $677,000 in H&E Equipment Services, Inc. (NASDAQ:HEES)

Repertoire Partners LP acquired a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,909 shares of the industrial products company's stock, valued at approximately $677,000. H&E Equipment Services comprises about 0.8% of Repertoire Partners LP's investment portfolio, making the stock its 17th largest holding.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in H&E Equipment Services by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,434 shares of the industrial products company's stock valued at $1,312,000 after acquiring an additional 1,159 shares during the last quarter. Comerica Bank raised its holdings in H&E Equipment Services by 2,460.2% in the 1st quarter. Comerica Bank now owns 34,819 shares of the industrial products company's stock valued at $2,235,000 after acquiring an additional 33,459 shares during the last quarter. CWM LLC raised its holdings in H&E Equipment Services by 42.5% in the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 278 shares during the last quarter. SG Americas Securities LLC raised its holdings in H&E Equipment Services by 688.1% in the 2nd quarter. SG Americas Securities LLC now owns 20,862 shares of the industrial products company's stock valued at $921,000 after acquiring an additional 18,215 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in H&E Equipment Services by 5.3% in the 2nd quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company's stock valued at $443,000 after acquiring an additional 503 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on HEES shares. KeyCorp assumed coverage on H&E Equipment Services in a report on Friday, August 9th. They issued a "sector weight" rating for the company. B. Riley reiterated a "buy" rating and issued a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Finally, UBS Group dropped their price target on H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $61.25.

H&E Equipment Services Stock Up 0.9 %

H&E Equipment Services stock traded up $0.51 during trading on Thursday, reaching $59.57. 213,671 shares of the company's stock were exchanged, compared to its average volume of 269,013. H&E Equipment Services, Inc. has a 52-week low of $40.92 and a 52-week high of $66.18. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 13.32 and a beta of 1.84. 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 company's 50-day moving average is $54.85 and its two-hundred day moving average is $49.38.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.15). The company had revenue of $384.86 million during the quarter, compared to analysts' expectations of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. H&E Equipment Services's quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 EPS. On average, analysts predict that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, November 29th. H&E Equipment Services's dividend payout ratio (DPR) is 27.92%.

H&E Equipment Services 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.