Federated Hermes Inc. Boosts Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Federated Hermes Inc. boosted its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,183 shares of the industrial products company's stock after acquiring an additional 14,240 shares during the period. Federated Hermes Inc. owned 0.15% of H&E Equipment Services worth $2,702,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Meeder Asset Management Inc. lifted its stake in H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 220 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in H&E Equipment Services by 38.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock worth $190,000 after acquiring an additional 1,166 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in H&E Equipment Services in the 3rd quarter valued at about $288,000. Commonwealth Equity Services LLC lifted its holdings in H&E Equipment Services by 15.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock valued at $299,000 after purchasing an additional 799 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in H&E Equipment Services during the fourth quarter worth about $313,000. 84.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Monday. They issued a "hold" rating on the stock. UBS Group reissued a "neutral" rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, H&E Equipment Services has a consensus rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Price Performance

Shares of H&E Equipment Services stock traded up $0.04 on Friday, reaching $90.73. The stock had a trading volume of 442,103 shares, compared to its average volume of 531,605. The business's 50 day moving average is $93.78 and its two-hundred day moving average is $72.23. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28. The company has a market cap of $3.33 billion, a P/E ratio of 23.03 and a beta of 1.74.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.18. The business had revenue of $384.08 million for the quarter, compared to analysts' expectations of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. As a group, research analysts anticipate that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services's payout ratio is 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.