H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. grew its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 143.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,484 shares of the industrial products company’s stock after purchasing an additional 29,750 shares during the period. EFG Asset Management North America Corp. owned approximately 0.14% of H&E Equipment Services worth $2,470,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in H&E Equipment Services by 2.4% during the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company’s stock valued at $601,000 after purchasing an additional 282 shares in the last quarter. Swiss National Bank raised its stake in shares of H&E Equipment Services by 0.6% in the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company’s stock worth $3,163,000 after buying an additional 400 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of H&E Equipment Services by 5.7% in the fourth quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock valued at $520,000 after buying an additional 574 shares during the period. Rhumbline Advisers boosted its stake in H&E Equipment Services by 1.7% during the fourth quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company’s stock valued at $2,236,000 after buying an additional 745 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in H&E Equipment Services by 15.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 799 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HEES shares. UBS Group reissued a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com assumed coverage on shares of H&E Equipment Services in a research note on Friday, March 21st. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Stock Performance

Shares of HEES opened at $95.99 on Wednesday. The company has a 50-day moving average of $91.98 and a two-hundred day moving average of $66.48. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 24.36 and a beta of 1.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm had revenue of $384.08 million during the quarter, compared to analyst estimates of $372.50 million. On average, equities research analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently declared 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. This represents a $1.10 annualized dividend and a yield of 1.15%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s payout ratio is 32.64%.

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.