Foundry Partners LLC Buys 6,097 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Foundry Partners LLC raised its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,432 shares of the industrial products company’s stock after buying an additional 6,097 shares during the period. Foundry Partners LLC’s holdings in H&E Equipment Services were worth $4,917,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HEES. BNP Paribas Financial Markets grew its position in H&E Equipment Services by 5.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 44,175 shares of the industrial products company’s stock worth $2,150,000 after acquiring an additional 2,238 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 1,910 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of H&E Equipment Services in the third quarter valued at approximately $524,000. State Street Corp raised its holdings in 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 valued at $37,925,000 after buying an additional 21,805 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in H&E Equipment Services by 36.4% during the 3rd quarter. Two Sigma Advisers LP now owns 237,785 shares of the industrial products company’s stock worth $11,575,000 after buying an additional 63,500 shares during the period. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Down 1.2 %

Shares of NASDAQ HEES opened at $93.08 on Friday. The company’s 50 day moving average price is $92.98 and its 200-day moving average price is $69.03. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. H&E Equipment Services, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28. The company has a market capitalization of $3.41 billion, a P/E ratio of 23.62 and a beta of 1.94.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a yield of 1.18%. H&E Equipment Services’s dividend payout ratio is currently 32.64%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HEES. UBS Group reaffirmed a “neutral” rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com started coverage on H&E Equipment Services in a research report on Saturday, March 29th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.