Hsbc Holdings PLC Purchases 32,286 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Hsbc Holdings PLC raised its position in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 609.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,585 shares of the industrial products company's stock after acquiring an additional 32,286 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of H&E Equipment Services worth $1,853,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HEES. American Century Companies Inc. raised its holdings in shares of H&E Equipment Services by 17.2% during the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company's stock valued at $104,493,000 after acquiring an additional 313,880 shares in the last quarter. Pertento Partners LLP lifted its position in shares of H&E Equipment Services by 13.1% in the 4th quarter. Pertento Partners LLP now owns 1,030,094 shares of the industrial products company's stock worth $50,433,000 after purchasing an additional 119,151 shares during the period. Victory Capital Management Inc. boosted its stake in shares of H&E Equipment Services by 1,238.8% during the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock valued at $33,778,000 after purchasing an additional 638,379 shares in the last quarter. First Trust Advisors LP increased its position in shares of H&E Equipment Services by 34.5% during the fourth quarter. First Trust Advisors LP now owns 623,488 shares of the industrial products company's stock valued at $30,526,000 after buying an additional 159,976 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in H&E Equipment Services in the fourth quarter worth about $28,780,000. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HEES shares. StockNews.com initiated coverage on H&E Equipment Services in a report on Wednesday, April 30th. They set a "hold" rating on the stock. UBS Group reiterated a "neutral" rating and issued a $92.00 price objective (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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Price Performance

NASDAQ:HEES traded up $0.36 on Wednesday, reaching $90.55. 124,307 shares of the company's stock traded hands, compared to its average volume of 537,505. The stock has a 50-day simple moving average of $92.77 and a 200-day simple moving average of $75.90. The firm has a market cap of $3.32 billion, a PE ratio of 22.98 and a beta of 1.87. H&E Equipment Services, Inc. has a 12 month low of $40.93 and a 12 month high of $101.28. 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 released 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). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business had revenue of $319.46 million for the quarter, compared to analysts' expectations of $362.60 million. During the same period in the previous year, the company earned $0.71 EPS. H&E Equipment Services's revenue for the quarter was down 13.9% compared to the same quarter last year. Equities research analysts forecast 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 declared 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 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 dividend payout ratio is presently 44.18%.

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, 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.