Invesco Ltd. Has $7.51 Million Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Invesco Ltd. raised its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 89.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,291 shares of the industrial products company's stock after acquiring an additional 72,539 shares during the period. Invesco Ltd. owned 0.42% of H&E Equipment Services worth $7,505,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Access Financial Services Inc. grew its stake in H&E Equipment Services by 20.4% during the 4th quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company's stock worth $1,027,000 after buying an additional 3,555 shares during the last quarter. Handelsbanken Fonder AB grew its position in H&E Equipment Services by 17.7% in the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company's stock worth $325,000 after purchasing an additional 1,000 shares during the last quarter. Barclays PLC raised its holdings in shares of 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 valued at $2,972,000 after buying an additional 39,617 shares during the last quarter. Intech Investment Management LLC raised its stake in H&E Equipment Services by 144.0% during the 4th 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 in the last quarter. Finally, abrdn plc increased its holdings in shares of 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 during the period. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Price Performance

H&E Equipment Services stock traded up $0.19 during midday trading on Wednesday, hitting $89.81. The company's stock had a trading volume of 558,179 shares, compared to its average volume of 539,005. 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. The company has a market capitalization of $3.29 billion, a PE ratio of 22.79 and a beta of 1.74. The stock's 50-day moving average price is $93.42 and its 200-day moving average price is $74.57.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its earnings results 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 business had revenue of $319.46 million for 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 firm's revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 earnings per share. Analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's payout ratio is 32.64%.

Wall Street Analyst Weigh In

HEES has been the subject of a number of recent analyst reports. UBS Group reiterated a "neutral" rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com started coverage on shares of H&E Equipment Services in a report on Wednesday. They issued a "hold" rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.