H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Purchased by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lifted its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 40.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,050 shares of the industrial products company's stock after purchasing an additional 8,971 shares during the quarter. Keeley Teton Advisors LLC owned about 0.08% of H&E Equipment Services worth $1,520,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. grew its position in shares of H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock worth $71,000 after buying an additional 220 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of 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 valued at $190,000 after purchasing an additional 1,166 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of H&E Equipment Services in the 3rd quarter valued at $288,000. Commonwealth Equity Services LLC lifted its position in shares of 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 purchasing an additional 799 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of H&E Equipment Services during the fourth quarter worth $313,000. Hedge funds and other institutional investors own 84.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HEES shares. UBS Group reaffirmed a "neutral" rating and set a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com initiated coverage on H&E Equipment Services in a report on Monday, April 14th. They issued a "hold" rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $71.33.

H&E Equipment Services Stock Performance

Shares of HEES stock traded down $1.34 during mid-day trading on Monday, hitting $89.39. 99,584 shares of the stock were exchanged, compared to its average volume of 532,267. The stock's fifty day simple moving average is $93.86 and its two-hundred day simple moving average is $72.84. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. H&E Equipment Services, Inc. has a 12-month low of $40.93 and a 12-month high of $101.28. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 22.69 and a beta of 1.74.

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

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.275 dividend. The ex-dividend date of this dividend 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 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.