H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,613 shares of the industrial products company's stock after selling 12,953 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.24% of H&E Equipment Services worth $4,290,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in shares of H&E Equipment Services by 1,238.8% in the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock valued at $33,778,000 after purchasing an additional 638,379 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in H&E Equipment Services in the fourth quarter valued at $28,780,000. American Century Companies Inc. increased its holdings in H&E Equipment Services by 17.2% in the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company's stock valued at $104,493,000 after buying an additional 313,880 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of H&E Equipment Services by 77.1% in the fourth quarter. Fisher Asset Management LLC now owns 348,656 shares of the industrial products company's stock worth $17,070,000 after acquiring an additional 151,761 shares during the period. Finally, Sei Investments Co. purchased a new stake in shares of H&E Equipment Services during the 4th quarter worth about $5,853,000. Hedge funds and other institutional investors own 84.08% of the company's stock.

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Analysts Set New Price Targets

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

H&E Equipment Services Price Performance

Shares of HEES traded up $0.45 during mid-day trading on Tuesday, hitting $95.24. 416,475 shares of the company were exchanged, compared to its average volume of 489,339. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 24.17 and a beta of 1.94. H&E Equipment Services, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28. The company has a 50 day moving average of $92.64 and a 200-day moving average of $68.33. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.18. The business had revenue of $384.08 million during the quarter, compared to analysts' expectations of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. Analysts expect 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 announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio (DPR) is 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.