Sei Investments Co. Takes $5.85 Million Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Sei Investments Co. acquired a new position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 119,542 shares of the industrial products company's stock, valued at approximately $5,853,000. Sei Investments Co. owned approximately 0.33% of H&E Equipment Services as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Millburn Ridgefield Corp bought a new stake in shares of H&E Equipment Services in the 3rd quarter valued at about $84,000. Point72 Asia Singapore Pte. Ltd. raised its stake in H&E Equipment Services by 227.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company's stock worth $134,000 after buying an additional 1,910 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in H&E Equipment Services in the third quarter worth approximately $288,000. Commonwealth Equity Services LLC lifted its holdings in H&E Equipment Services by 15.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock worth $299,000 after buying an additional 799 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in H&E Equipment Services by 17.7% during the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company's stock valued at $325,000 after acquiring an additional 1,000 shares in the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

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H&E Equipment Services Stock Down 1.2 %

H&E Equipment Services stock traded down $1.09 during midday trading on Friday, reaching $93.08. The company's stock had a trading volume of 1,214,637 shares, compared to its average volume of 496,511. 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 stock has a market capitalization of $3.41 billion, a P/E ratio of 23.62 and a beta of 1.74. The stock's 50-day simple moving average is $92.98 and its 200-day simple moving average is $69.35. H&E Equipment Services, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $384.08 million during the quarter, compared to analyst estimates of $372.50 million. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio (DPR) is presently 32.64%.

Analyst Ratings Changes

Several research firms have recently commented on HEES. StockNews.com assumed coverage on H&E Equipment Services in a research report on Sunday. They issued a "hold" rating for the company. UBS Group restated a "neutral" rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $71.33.

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.