LPL Financial LLC Sells 4,399 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

LPL Financial LLC cut its stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 19.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,426 shares of the industrial products company's stock after selling 4,399 shares during the quarter. LPL Financial LLC owned approximately 0.05% of H&E Equipment Services worth $902,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in H&E Equipment Services by 2.4% in the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company's stock valued at $601,000 after acquiring an additional 282 shares during the period. Swiss National Bank increased its stake in shares of H&E Equipment Services by 0.6% during the fourth quarter. Swiss National Bank now owns 64,600 shares of the industrial products company's stock worth $3,163,000 after purchasing an additional 400 shares during the period. Diversified Trust Co increased its stake in shares of H&E Equipment Services by 5.7% during the fourth quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock worth $520,000 after purchasing an additional 574 shares during the period. Rhumbline Advisers lifted its holdings in H&E Equipment Services by 1.7% during the 4th quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company's stock worth $2,236,000 after purchasing an additional 745 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in H&E Equipment Services by 15.0% in the 4th 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 period. Institutional investors and hedge funds own 84.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HEES shares. 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. StockNews.com initiated coverage on shares of H&E Equipment Services in a research note on Tuesday. They issued a "hold" rating for the company. Four 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 has a consensus rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Price Performance

Shares of NASDAQ:HEES traded down $0.89 during trading on Friday, reaching $89.41. 81,127 shares of the company traded hands, compared to its average volume of 538,756. The firm has a market capitalization of $3.28 billion, a PE ratio of 22.69 and a beta of 1.74. 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, Inc. has a 52 week low of $40.93 and a 52 week high of $101.28. The company's 50 day moving average is $94.04 and its two-hundred day moving average is $73.62.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.81 by $0.18. The company had revenue of $384.08 million during 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, sell-side analysts predict that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed 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 dividend yield of 1.23%. H&E Equipment Services's dividend payout ratio is currently 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.