7,332 Shares in H&E Equipment Services, Inc. (NASDAQ:HEES) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,332 shares of the industrial products company's stock, valued at approximately $359,000.

Several other hedge funds also recently bought and sold shares of the business. Meeder Asset Management Inc. grew its holdings in shares of H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after buying an additional 220 shares during the last quarter. Jones Financial Companies Lllp grew its stake in H&E Equipment Services by 2.4% during the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company's stock valued at $601,000 after purchasing an additional 282 shares during the last quarter. Swiss National Bank grew its stake in H&E Equipment Services by 0.6% during the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company's stock valued at $3,163,000 after purchasing an additional 400 shares during the last quarter. Diversified Trust Co increased its holdings in shares of H&E Equipment Services by 5.7% in the fourth quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock valued at $520,000 after purchasing an additional 574 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of H&E Equipment Services by 1.7% in the fourth quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company's stock worth $2,236,000 after purchasing an additional 745 shares during the last quarter. Institutional investors own 84.08% of the company's stock.

H&E Equipment Services Stock Performance

NASDAQ:HEES opened at $90.72 on Monday. The company has a fifty day simple moving average of $93.01 and a two-hundred day simple moving average of $75.53. 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, Inc. has a 52 week low of $40.93 and a 52 week high of $101.28. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 23.03 and a beta of 1.74.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.63). The business had revenue of $319.46 million during the quarter, compared to analyst estimates of $362.60 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 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. As a group, equities 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. Investors of record on Tuesday, February 18th were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.21%. H&E Equipment Services's payout ratio is currently 44.18%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HEES. StockNews.com initiated coverage on H&E Equipment Services in a report on Wednesday, April 30th. They issued a "hold" rating for the company. UBS Group reissued a "neutral" rating and set a $92.00 price target (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 issued a buy rating to the company's stock. Based on data from MarketBeat, H&E Equipment Services has an average rating of "Hold" and an average target price of $71.33.

About H&E Equipment Services

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, Sales of Rental Equipment, Sales of New Equipment, and Parts, Service and Other Revenues. The Equipment Rentals segment focuses on renting construction and industrial equipment.

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