JPMorgan Chase & Co. Has $3.63 Million Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

JPMorgan Chase & Co. increased its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 164.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,184 shares of the industrial products company's stock after acquiring an additional 46,105 shares during the quarter. JPMorgan Chase & Co. owned about 0.20% of H&E Equipment Services worth $3,632,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in H&E Equipment Services in the third quarter worth $288,000. Commonwealth Equity Services LLC raised its stake in H&E Equipment Services by 15.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock worth $299,000 after buying an additional 799 shares during the period. KLP Kapitalforvaltning AS bought a new position in H&E Equipment Services during the fourth quarter worth about $313,000. Handelsbanken Fonder AB grew its stake in H&E Equipment Services by 17.7% in the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company's stock valued at $325,000 after acquiring an additional 1,000 shares during the period. Finally, Banco BTG Pactual S.A. acquired a new position in H&E Equipment Services in the fourth quarter valued at about $338,000. Institutional investors and hedge funds own 84.08% of the company's stock.

H&E Equipment Services Stock Down 1.0 %

NASDAQ:HEES traded down $0.89 during trading hours on Friday, reaching $89.41. 81,127 shares of the stock were exchanged, compared to its average volume of 538,756. The stock has a market cap of $3.28 billion, a PE ratio of 22.69 and a beta of 1.74. H&E Equipment Services, Inc. has a twelve month low of $40.93 and a twelve month high of $101.28. The firm has a 50 day moving average of $94.04 and a 200 day moving average of $73.62. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59.

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

H&E Equipment Services Announces Dividend

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 dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a yield of 1.23%. H&E Equipment Services's dividend payout ratio (DPR) is presently 32.64%.

Wall Street Analysts Forecast Growth

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

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.