Shelton Capital Management Lowers Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Shelton Capital Management reduced its position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 49.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,367 shares of the industrial products company's stock after selling 35,111 shares during the period. Shelton Capital Management owned about 0.10% of H&E Equipment Services worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. grew its stake in H&E Equipment Services by 17.8% in the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after acquiring an additional 220 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of H&E Equipment Services by 38.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock worth $190,000 after purchasing an additional 1,166 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of H&E Equipment Services during the third quarter worth about $288,000. Commonwealth Equity Services LLC raised its position in shares of H&E Equipment Services by 15.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock worth $299,000 after purchasing an additional 799 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in H&E Equipment Services in the 4th quarter valued at about $313,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

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H&E Equipment Services Stock Up 0.5 %

NASDAQ:HEES traded up $0.48 during midday trading on Monday, reaching $91.41. The company had a trading volume of 209,005 shares, compared to its average volume of 524,199. The stock's fifty day simple moving average is $93.50 and its 200-day simple moving average is $71.37. 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 market capitalization of $3.35 billion, a price-to-earnings ratio of 23.20 and a beta of 1.74.

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 earnings per share 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 business had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. On average, sell-side analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders 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 1.20%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio is currently 32.64%.

Wall Street Analysts Forecast Growth

HEES has been the topic of a number of recent research reports. UBS Group restated a "neutral" rating and set a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com started coverage on H&E Equipment Services in a report on Monday. They set a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, H&E Equipment Services currently has a consensus rating of "Hold" and an average 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.