Penn Capital Management Company LLC Lowers Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Penn Capital Management Company LLC lowered its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 210,718 shares of the industrial products company's stock after selling 48,121 shares during the quarter. Penn Capital Management Company LLC owned approximately 0.58% of H&E Equipment Services worth $10,317,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted 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 worth $33,778,000 after purchasing an additional 638,379 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in H&E Equipment Services during the fourth quarter valued at approximately $28,780,000. American Century Companies Inc. increased its position 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 worth $104,493,000 after purchasing an additional 313,880 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of H&E Equipment Services by 34.5% during the 4th quarter. First Trust Advisors LP now owns 623,488 shares of the industrial products company's stock valued at $30,526,000 after purchasing an additional 159,976 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of H&E Equipment Services by 77.1% in the 4th quarter. Fisher Asset Management LLC now owns 348,656 shares of the industrial products company's stock worth $17,070,000 after purchasing an additional 151,761 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HEES shares. StockNews.com began coverage on H&E Equipment Services in a research note on Tuesday, April 22nd. They set a "hold" rating on the stock. 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 research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Stock Performance

NASDAQ HEES traded down $0.84 on Tuesday, hitting $89.54. 323,751 shares of the company's stock traded hands, compared to its average volume of 541,864. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The firm's 50-day moving average price is $93.63 and its two-hundred day moving average price is $74.46. H&E Equipment Services, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28. The firm has a market capitalization of $3.28 billion, a PE ratio of 22.73 and a beta of 1.74.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.63). The company had revenue of $319.46 million during the quarter, compared to analysts' expectations of $362.60 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm's quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. As a group, analysts expect that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio is currently 32.64%.

H&E Equipment Services Company 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.