Wells Fargo & Company MN Raises Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Wells Fargo & Company MN increased its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 268,301 shares of the industrial products company's stock after purchasing an additional 16,990 shares during the period. Wells Fargo & Company MN owned 0.73% of H&E Equipment Services worth $13,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Access Financial Services Inc. grew its holdings in H&E Equipment Services by 20.4% in the 4th quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company's stock valued at $1,027,000 after buying an additional 3,555 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of H&E Equipment Services by 0.6% during 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 acquiring an additional 4,226 shares during the last quarter. State Street Corp grew its holdings in shares of H&E Equipment Services by 2.9% in the third quarter. State Street Corp now owns 779,075 shares of the industrial products company's stock valued at $37,925,000 after purchasing an additional 21,805 shares during the period. 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, Barclays PLC increased its position in H&E Equipment Services by 185.1% during the third quarter. Barclays PLC now owns 61,018 shares of the industrial products company's stock worth $2,972,000 after purchasing an additional 39,617 shares during the last quarter. Hedge funds and other institutional investors own 84.08% of the company's stock.

H&E Equipment Services Trading Up 0.0 %

HEES stock traded up $0.04 during mid-day trading on Friday, hitting $90.73. 442,103 shares of the company were exchanged, compared to its average volume of 533,934. 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 $3.33 billion, a P/E ratio of 23.03 and a beta of 1.74. The business has a fifty day simple moving average of $93.86 and a 200-day simple moving average of $72.84. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

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. On average, equities research analysts predict 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 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%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group reiterated a "neutral" rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com initiated coverage on H&E Equipment Services in a report on Monday, April 14th. They issued a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.