H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by Bokf Na

Bokf Na lowered its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 79,933 shares of the industrial products company’s stock after selling 2,075 shares during the quarter. Bokf Na’s holdings in H&E Equipment Services were worth $3,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HEES. Ameriprise Financial Inc. grew its position in H&E Equipment Services by 3.2% in the fourth quarter. Ameriprise Financial Inc. now owns 160,621 shares of the industrial products company’s stock worth $7,864,000 after buying an additional 5,041 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of H&E Equipment Services by 124.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 11,410 shares of the industrial products company’s stock worth $559,000 after acquiring an additional 6,320 shares during the last quarter. Perbak Capital Partners LLP acquired a new stake in shares of H&E Equipment Services during the fourth quarter worth $1,356,000. Northern Trust Corp lifted its holdings in shares of H&E Equipment Services by 9.2% during the fourth quarter. Northern Trust Corp now owns 330,310 shares of the industrial products company’s stock valued at $16,172,000 after purchasing an additional 27,758 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of H&E Equipment Services by 3,914.1% in the 4th quarter. Voya Investment Management LLC now owns 424,809 shares of the industrial products company’s stock valued at $20,799,000 after purchasing an additional 414,226 shares during the period. 84.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on HEES. StockNews.com began coverage on H&E Equipment Services in a report on Thursday. They set a “hold” rating on the stock. UBS Group reaffirmed a “neutral” rating and issued a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Trading Up 0.5 %

Shares of NASDAQ HEES opened at $90.60 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28. The business has a 50-day moving average price of $92.66 and a two-hundred day moving average price of $76.01. The firm has a market capitalization of $3.32 billion, a PE ratio of 22.99 and a beta of 1.87.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.63). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company had revenue of $319.46 million for the quarter, compared to analysts’ expectations of $362.60 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was down 13.9% on a year-over-year basis. As a group, analysts predict that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services’s payout ratio is currently 44.18%.

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, Sales of Rental Equipment, Sales of New Equipment, and Parts, Service and Other Revenues. The Equipment Rentals segment focuses on renting construction and industrial equipment.