H&E Equipment Services, Inc. (NASDAQ:HEES) Stock Holdings Boosted by TT International Asset Management LTD

TT International Asset Management LTD grew its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 715.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,783 shares of the industrial products company's stock after purchasing an additional 48,063 shares during the quarter. TT International Asset Management LTD owned approximately 0.15% of H&E Equipment Services worth $2,666,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HEES. Geode Capital Management LLC boosted its holdings in H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company's stock valued at $36,762,000 after purchasing an additional 4,226 shares during the last quarter. Barclays PLC boosted its holdings in H&E Equipment Services by 185.1% in the 3rd quarter. Barclays PLC now owns 61,018 shares of the industrial products company's stock valued at $2,972,000 after purchasing an additional 39,617 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of H&E Equipment Services by 36.4% in the 3rd quarter. Two Sigma Advisers LP now owns 237,785 shares of the industrial products company's stock valued at $11,575,000 after acquiring an additional 63,500 shares during the period. State Street Corp raised its stake in shares of H&E Equipment Services by 2.9% in the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company's stock valued at $37,925,000 after acquiring an additional 21,805 shares during the period. Finally, Repertoire Partners LP purchased a new stake in shares of H&E Equipment Services in the 3rd quarter valued at approximately $677,000. Institutional investors and hedge funds own 84.08% of the company's stock.

H&E Equipment Services Price Performance

Shares of HEES traded down $0.34 during trading hours on Wednesday, reaching $56.90. The company had a trading volume of 125,405 shares, compared to its average volume of 268,728. The firm has a 50 day simple moving average of $55.47 and a 200-day simple moving average of $49.62. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 13.70 and a beta of 1.84. H&E Equipment Services, Inc. has a 12-month low of $40.92 and a 12-month high of $66.18.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 9.47% and a return on equity of 25.46%. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS. Research analysts expect that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.275 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 1.93%. H&E Equipment Services's payout ratio is 27.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HEES shares. B. Riley reaffirmed a "buy" rating and set a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. UBS Group decreased their price target on shares of 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, H&E Equipment Services has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

About H&E Equipment Services

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.