Diversified Trust Co Increases Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Diversified Trust Co increased its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 5.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,615 shares of the industrial products company’s stock after purchasing an additional 574 shares during the period. Diversified Trust Co’s holdings in H&E Equipment Services were worth $520,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of H&E Equipment Services in the second quarter valued at approximately $37,000. Meeder Asset Management Inc. purchased a new stake in H&E Equipment Services in the 2nd quarter worth approximately $65,000. Millburn Ridgefield Corp bought a new position in H&E Equipment Services in the 3rd quarter valued at $84,000. Quest Partners LLC purchased a new position in shares of H&E Equipment Services during the 2nd quarter valued at $109,000. Finally, L.M. Kohn & Company bought a new position in shares of H&E Equipment Services in the third quarter worth $217,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Performance

H&E Equipment Services stock opened at $43.93 on Friday. H&E Equipment Services, Inc. has a fifty-two week low of $40.92 and a fifty-two week high of $66.18. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The stock has a market cap of $1.61 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 13.05 and a beta of 1.88. The firm’s fifty day moving average price is $54.40 and its 200-day moving average price is $50.33.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 million. During the same quarter in the previous year, the business earned $1.46 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts expect that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 2.50%. H&E Equipment Services’s payout ratio is 27.92%.

Wall Street Analysts Forecast Growth

Separately, B. Riley restated a “buy” rating and issued a $60.00 target price (down 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.25.

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.