Perbak Capital Partners LLP Makes New Investment in H&E Equipment Services, Inc. (NASDAQ:HEES)

Perbak Capital Partners LLP bought a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,690 shares of the industrial products company's stock, valued at approximately $1,356,000. Perbak Capital Partners LLP owned approximately 0.08% of H&E Equipment Services at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HEES. American Century Companies Inc. raised its stake in shares of H&E Equipment Services by 17.2% in the 4th quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company's stock valued at $104,493,000 after purchasing an additional 313,880 shares in the last quarter. Pertento Partners LLP grew its holdings in shares of H&E Equipment Services by 13.1% during the fourth quarter. Pertento Partners LLP now owns 1,030,094 shares of the industrial products company's stock valued at $50,433,000 after purchasing an additional 119,151 shares during the last quarter. Victory Capital Management Inc. raised its position 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 period. First Trust Advisors LP boosted its position in 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 period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of H&E Equipment Services during the fourth quarter worth about $28,780,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES traded up $0.63 during midday trading on Friday, reaching $90.72. The company's stock had a trading volume of 712,426 shares, compared to its average volume of 538,514. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 23.03 and a beta of 1.74. The company has a 50 day moving average price of $93.01 and a 200 day moving average price of $75.37. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.63). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $319.46 million during the quarter, compared to analyst estimates of $362.60 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business's revenue was down 13.9% compared to the same quarter last year. On average, equities research 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. Stockholders of record on Tuesday, February 18th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio (DPR) is currently 44.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group reissued 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 shares of H&E Equipment Services in a research note on Wednesday. They set a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, H&E Equipment Services currently has an average rating of "Hold" and a consensus price target of $71.33.

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.