Voya Investment Management LLC Acquires 414,226 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Voya Investment Management LLC increased its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 3,914.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 424,809 shares of the industrial products company's stock after purchasing an additional 414,226 shares during the quarter. Voya Investment Management LLC owned approximately 1.16% of H&E Equipment Services worth $20,799,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HEES. Victory Capital Management Inc. lifted 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 valued at $33,778,000 after buying an additional 638,379 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of H&E Equipment Services in the fourth quarter valued at approximately $28,780,000. American Century Companies Inc. lifted its stake in shares of H&E Equipment Services by 17.2% during 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 buying an additional 313,880 shares in the last quarter. First Trust Advisors LP raised its holdings 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 acquiring an additional 159,976 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of H&E Equipment Services by 77.1% during the fourth quarter. Fisher Asset Management LLC now owns 348,656 shares of the industrial products company's stock worth $17,070,000 after acquiring an additional 151,761 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Stock Up 0.7 %

HEES traded up $0.60 during midday trading on Friday, reaching $90.69. The company's stock had a trading volume of 383,386 shares, compared to its average volume of 537,503. 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 $3.33 billion, a price-to-earnings ratio of 23.03 and a beta of 1.74. The stock's 50-day moving average is $93.12 and its 200-day moving average is $74.93. 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 announced its quarterly 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). The company had revenue of $319.46 million for the quarter, compared to analysts' expectations of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business's revenue was down 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. As a group, 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 firm also recently announced 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 was Tuesday, February 18th. This represents a $1.10 annualized dividend and a yield of 1.21%. H&E Equipment Services's dividend payout ratio (DPR) is 44.18%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HEES shares. StockNews.com began coverage on shares of H&E Equipment Services in a report on Wednesday. They issued a "hold" rating for the company. UBS Group restated a "neutral" rating and issued a $92.00 price objective (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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $71.33.

About H&E Equipment Services

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.