Intech Investment Management LLC Has $841,000 Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Intech Investment Management LLC raised its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 144.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,179 shares of the industrial products company’s stock after buying an additional 10,138 shares during the quarter. Intech Investment Management LLC’s holdings in H&E Equipment Services were worth $841,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Access Financial Services Inc. increased its stake in H&E Equipment Services by 20.4% in the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock valued at $1,027,000 after acquiring an additional 3,555 shares during the period. Geode Capital Management LLC grew its stake in shares of H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock valued at $36,762,000 after purchasing an additional 4,226 shares during the period. State Street Corp raised its holdings in shares of H&E Equipment Services by 2.9% in the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after buying an additional 21,805 shares in the last quarter. Holocene Advisors LP bought a new position in shares of H&E Equipment Services during the 3rd quarter worth approximately $524,000. Finally, Barclays PLC boosted its stake in H&E Equipment Services by 185.1% in the 3rd quarter. Barclays PLC now owns 61,018 shares of the industrial products company’s stock valued at $2,972,000 after buying an additional 39,617 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Trading Down 0.1 %

Shares of HEES opened at $95.03 on Monday. 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 company has a market cap of $3.48 billion, a price-to-earnings ratio of 24.12 and a beta of 1.94. The stock has a fifty day moving average price of $90.82 and a two-hundred day moving average price of $65.75. 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) last released its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.08 million during the quarter, compared to analysts’ expectations of $372.50 million. Analysts predict that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.16%. H&E Equipment Services’s payout ratio is 32.64%.

Analyst Ratings Changes

Several research analysts have issued reports on HEES shares. UBS Group reiterated a “neutral” rating and set a $92.00 price objective (up 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 Friday. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.