H&E Equipment Services, Inc. (NASDAQ:HEES) Stock Holdings Trimmed by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 2.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,293 shares of the industrial products company’s stock after selling 4,239 shares during the period. First Eagle Investment Management LLC owned about 0.58% of H&E Equipment Services worth $9,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in H&E Equipment Services during the fourth quarter worth about $482,000. Foundry Partners LLC grew its holdings in shares of H&E Equipment Services by 15.9% during the first quarter. Foundry Partners LLC now owns 88,603 shares of the industrial products company’s stock valued at $5,687,000 after purchasing an additional 12,152 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of H&E Equipment Services by 645.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 21,968 shares of the industrial products company’s stock valued at $1,411,000 after purchasing an additional 19,021 shares during the last quarter. Sei Investments Co. bought a new stake in shares of H&E Equipment Services in the 1st quarter worth approximately $1,233,000. Finally, SG Americas Securities LLC boosted its position in H&E Equipment Services by 688.1% during the 2nd quarter. SG Americas Securities LLC now owns 20,862 shares of the industrial products company’s stock valued at $921,000 after purchasing an additional 18,215 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HEES has been the topic of several analyst reports. KeyCorp assumed coverage on H&E Equipment Services in a research report on Friday, August 9th. They issued a “sector weight” rating on the stock. Stifel Nicolaus cut their price objective on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. UBS Group decreased their target price on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Raymond James initiated coverage on shares of H&E Equipment Services in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.67.

H&E Equipment Services Trading Up 3.3 %

Shares of H&E Equipment Services stock opened at $48.38 on Friday. The business has a fifty day simple moving average of $47.46 and a 200-day simple moving average of $50.62. H&E Equipment Services, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $66.18. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 9.16 and a beta of 1.85. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 2.17.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.12). H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The business had revenue of $376.30 million during the quarter, compared to the consensus estimate of $382.05 million. During the same quarter last year, the firm posted $1.14 earnings per share. H&E Equipment Services’s revenue was up 4.5% compared to the same quarter last year. On average, equities analysts forecast that H&E Equipment Services, Inc. will post 3.52 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.27%. The ex-dividend date was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio is presently 23.55%.

H&E Equipment Services Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.