H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,679,763 shares of the industrial products company's stock after selling 145,008 shares during the period. Vanguard Group Inc. owned approximately 10.05% of H&E Equipment Services worth $180,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in HEES. Wilmington Savings Fund Society FSB purchased a new stake in H&E Equipment Services in the 3rd quarter valued at $288,000. Commonwealth Equity Services LLC raised its holdings 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 acquiring an additional 799 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of H&E Equipment Services during the 4th quarter valued at about $313,000. Handelsbanken Fonder AB grew its holdings in shares of H&E Equipment Services by 17.7% in the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company's stock valued at $325,000 after purchasing an additional 1,000 shares during the period. Finally, Jennison Associates LLC acquired a new stake in H&E Equipment Services during the fourth quarter worth about $498,000. Institutional investors and hedge funds own 84.08% of the company's stock.

H&E Equipment Services Trading Down 1.1 %

NASDAQ HEES traded down $1.05 during trading hours on Friday, reaching $90.93. The company had a trading volume of 1,955,040 shares, compared to its average volume of 523,759. H&E Equipment Services, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28. The stock has a market capitalization of $3.33 billion, a P/E ratio of 23.08 and a beta of 1.74. The stock has a 50-day moving average of $93.50 and a 200 day moving average of $71.20. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

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H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $372.50 million. As a group, research 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 declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.21%. H&E Equipment Services's dividend payout ratio is currently 32.64%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. StockNews.com started coverage on shares of H&E Equipment Services in a report on Sunday, April 6th. They issued a "hold" rating on the stock. UBS Group reiterated a "neutral" rating and issued a $92.00 price objective (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 given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $71.33.

H&E Equipment Services 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.