Barclays PLC Boosts Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Barclays PLC grew its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 185.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 61,018 shares of the industrial products company’s stock after buying an additional 39,617 shares during the quarter. Barclays PLC’s holdings in H&E Equipment Services were worth $2,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. increased its position in H&E Equipment Services by 0.7% during the 2nd quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company’s stock worth $2,047,000 after purchasing an additional 326 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of H&E Equipment Services by 7.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 555 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of H&E Equipment Services by 3.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company’s stock valued at $810,000 after acquiring an additional 627 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in H&E Equipment Services by 0.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock worth $4,896,000 after purchasing an additional 664 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in H&E Equipment Services by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 275,363 shares of the industrial products company’s stock valued at $12,163,000 after purchasing an additional 770 shares in the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Price Performance

HEES opened at $50.21 on Wednesday. H&E Equipment Services, Inc. has a twelve month low of $40.92 and a twelve month high of $66.18. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 13.24 and a beta of 1.84. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The company has a fifty day simple moving average of $55.78 and a 200 day simple moving average of $50.02.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Equities research analysts expect that H&E Equipment Services, Inc. will post 3.27 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 annualized dividend and a yield of 2.19%. H&E Equipment Services’s dividend payout ratio is presently 27.92%.

Analyst Upgrades and Downgrades

Separately, B. Riley restated a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.25.

H&E Equipment Services Company 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.