First Trust Advisors LP Increases Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

First Trust Advisors LP grew its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 623,488 shares of the industrial products company's stock after acquiring an additional 159,976 shares during the quarter. First Trust Advisors LP owned about 1.70% of H&E Equipment Services worth $30,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Access Financial Services Inc. lifted its position in H&E Equipment Services by 20.4% during the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company's stock valued at $1,027,000 after purchasing an additional 3,555 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of H&E Equipment Services by 17.7% during the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company's stock worth $325,000 after acquiring an additional 1,000 shares during the last quarter. Barclays PLC grew its position in H&E Equipment Services by 185.1% in the third quarter. Barclays PLC now owns 61,018 shares of the industrial products company's stock worth $2,972,000 after acquiring an additional 39,617 shares in the last quarter. Intech Investment Management LLC increased its stake in H&E Equipment Services by 144.0% in the fourth quarter. Intech Investment Management LLC now owns 17,179 shares of the industrial products company's stock valued at $841,000 after acquiring an additional 10,138 shares during the last quarter. Finally, abrdn plc raised its position in H&E Equipment Services by 4.0% during the fourth quarter. abrdn plc now owns 352,615 shares of the industrial products company's stock valued at $17,264,000 after purchasing an additional 13,677 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HEES shares. StockNews.com assumed coverage on H&E Equipment Services in a report on Wednesday. They issued a "hold" rating for the company. UBS Group reiterated a "neutral" rating and set a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Trading Up 0.1 %

Shares of NASDAQ HEES traded up $0.08 during midday trading on Wednesday, reaching $89.70. The company had a trading volume of 47,923 shares, compared to its average volume of 541,696. The firm's fifty day moving average price is $93.42 and its 200-day moving average price is $74.57. 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 one year low of $40.93 and a one year high of $101.28. The stock has a market cap of $3.29 billion, a PE ratio of 22.77 and a beta of 1.74.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.63). The firm had revenue of $319.46 million for the quarter, compared to the consensus estimate 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 was down 13.9% on a year-over-year basis. During the same period last year, the company posted $0.71 earnings per share. On average, equities research analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a $0.275 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.23%. H&E Equipment Services's dividend payout ratio is currently 32.64%.

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.