Raymond James Financial Inc. Acquires Shares of 74,333 H&E Equipment Services, Inc. (NASDAQ:HEES)

Raymond James Financial Inc. bought a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 74,333 shares of the industrial products company's stock, valued at approximately $3,639,000. Raymond James Financial Inc. owned 0.20% of H&E Equipment Services as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its stake in shares of H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock worth $71,000 after purchasing an additional 220 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in H&E Equipment Services by 38.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock worth $190,000 after buying an additional 1,166 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in H&E Equipment Services during the third quarter valued at $288,000. Commonwealth Equity Services LLC increased its holdings in H&E Equipment Services by 15.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock valued at $299,000 after buying an additional 799 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in H&E Equipment Services in the fourth quarter valued at $313,000. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES traded up $0.43 during trading on Friday, hitting $90.52. The company had a trading volume of 124,809 shares, compared to its average volume of 536,392. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 22.98 and a beta of 1.74. The stock has a fifty day simple moving average of $93.12 and a two-hundred day simple moving average of $74.93. 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 fifty-two week low of $40.93 and a fifty-two week high of $101.28.

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

H&E Equipment Services Dividend Announcement

The company also recently disclosed 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 yield of 1.22%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio is currently 44.18%.

Wall Street Analyst Weigh In

HEES has been the topic of a number of analyst reports. StockNews.com began coverage on H&E Equipment Services in a research report on Wednesday. They set a "hold" rating on the stock. UBS Group reissued a "neutral" rating and issued a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four research 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 an average rating of "Hold" and an average 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.