Stifel Financial Corp Has $3.32 Million Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Stifel Financial Corp lessened its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,874 shares of the industrial products company's stock after selling 14,430 shares during the period. Stifel Financial Corp owned about 0.19% of H&E Equipment Services worth $3,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MetLife Investment Management LLC boosted its position in H&E Equipment Services by 6.2% during the fourth quarter. MetLife Investment Management LLC now owns 19,520 shares of the industrial products company's stock valued at $956,000 after purchasing an additional 1,138 shares during 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 buying an additional 159,976 shares during the last quarter. Keeley Teton Advisors LLC grew its stake in shares of H&E Equipment Services by 40.6% in the 4th quarter. Keeley Teton Advisors LLC now owns 31,050 shares of the industrial products company's stock valued at $1,520,000 after buying an additional 8,971 shares in the last quarter. Bridgewater Associates LP increased its holdings in H&E Equipment Services by 65.7% in the fourth quarter. Bridgewater Associates LP now owns 118,736 shares of the industrial products company's stock worth $5,813,000 after buying an additional 47,065 shares during the last quarter. Finally, Barclays PLC raised its position in H&E Equipment Services by 4.2% during the fourth quarter. Barclays PLC now owns 63,583 shares of the industrial products company's stock valued at $3,113,000 after acquiring an additional 2,565 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company's stock.

H&E Equipment Services Stock Performance

NASDAQ HEES traded up $0.43 during trading on Thursday, hitting $91.03. The company's stock had a trading volume of 70,727 shares, compared to its average volume of 538,549. The firm has a 50 day moving average price of $92.66 and a 200 day moving average price of $76.01. The firm has a market cap of $3.34 billion, a P/E ratio of 23.10 and a beta of 1.87. 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.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings data 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 for 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 firm's revenue for the quarter was down 13.9% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. Equities research analysts forecast that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis 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 is currently 44.18%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. UBS Group restated a "neutral" rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Thursday. They set a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $71.33.

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, Sales of Rental Equipment, Sales of New Equipment, and Parts, Service and Other Revenues. The Equipment Rentals segment focuses on renting construction and industrial equipment.