Two Sigma Advisers LP Increases Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Two Sigma Advisers LP lifted its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 36.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,785 shares of the industrial products company's stock after purchasing an additional 63,500 shares during the period. Two Sigma Advisers LP owned 0.65% of H&E Equipment Services worth $11,575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of H&E Equipment Services during the 2nd quarter valued at $37,000. CWM LLC boosted its holdings in shares of H&E Equipment Services by 42.5% during 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 in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of H&E Equipment Services during the 2nd quarter valued at $65,000. Millburn Ridgefield Corp bought a new position in H&E Equipment Services during the 3rd quarter worth $84,000. Finally, Quest Partners LLC bought a new position in H&E Equipment Services during the 2nd quarter worth $109,000. Institutional investors own 84.08% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HEES. B. Riley reissued a "buy" rating and issued a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. UBS Group lowered their price objective on H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, H&E Equipment Services has an average rating of "Moderate Buy" and an average target price of $61.25.

H&E Equipment Services Stock Performance

H&E Equipment Services stock traded down $2.62 during trading on Tuesday, hitting $57.24. The stock had a trading volume of 404,878 shares, compared to its average volume of 268,818. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $66.18. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The stock's 50 day moving average is $55.31 and its two-hundred day moving average is $49.56. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 13.70 and a beta of 1.84.

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

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 1.92%. H&E Equipment Services's payout ratio is 27.92%.

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.