Federated Hermes Inc. Increases Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Federated Hermes Inc. raised its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES – Get Rating) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,126 shares of the industrial products company’s stock after buying an additional 764 shares during the period. Federated Hermes Inc. owned about 0.14% of H&E Equipment Services worth $1,477,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Brinker Capital Investments LLC boosted its position in H&E Equipment Services by 5.4% during the third quarter. Brinker Capital Investments LLC now owns 7,657 shares of the industrial products company’s stock valued at $217,000 after buying an additional 391 shares during the period. Point72 Hong Kong Ltd purchased a new stake in H&E Equipment Services during the second quarter valued at about $48,000. National Bank of Canada FI boosted its position in H&E Equipment Services by 53.6% during the third quarter. National Bank of Canada FI now owns 4,960 shares of the industrial products company’s stock valued at $139,000 after buying an additional 1,730 shares during the period. Eagle Bay Advisors LLC purchased a new stake in H&E Equipment Services during the second quarter valued at about $51,000. Finally, Cubist Systematic Strategies LLC boosted its position in H&E Equipment Services by 4.7% during the second quarter. Cubist Systematic Strategies LLC now owns 51,798 shares of the industrial products company’s stock valued at $1,501,000 after buying an additional 2,336 shares during the period. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO John Mcdowell Engquist sold 15,000 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $55.73, for a total value of $835,950.00. Following the completion of the transaction, the chief operating officer now directly owns 48,943 shares of the company’s stock, valued at $2,727,593.39. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other H&E Equipment Services news, COO John Mcdowell Engquist sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $55.73, for a total transaction of $835,950.00. Following the completion of the transaction, the chief operating officer now owns 48,943 shares of the company’s stock, valued at $2,727,593.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary W. Bagley sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $54.31, for a total transaction of $543,100.00. Following the transaction, the director now directly owns 62,384 shares of the company’s stock, valued at approximately $3,388,075.04. The disclosure for this sale can be found here. 11.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on HEES shares. Stifel Nicolaus upped their price target on shares of H&E Equipment Services from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, December 19th. Wells Fargo & Company upped their price objective on shares of H&E Equipment Services from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Finally, B. Riley upped their price objective on shares of H&E Equipment Services from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $58.00.

H&E Equipment Services Stock Performance

Shares of NASDAQ:HEES opened at $48.62 on Friday. H&E Equipment Services, Inc. has a 12 month low of $26.12 and a 12 month high of $56.47. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.34 and a beta of 2.05. The company has a 50-day moving average price of $50.26 and a 200-day moving average price of $41.34. The company has a current ratio of 2.10, a quick ratio of 1.58 and a debt-to-equity ratio of 3.10.

H&E Equipment Services (NASDAQ:HEES – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. H&E Equipment Services had a net margin of 10.62% and a return on equity of 38.23%. The company had revenue of $353.12 million during the quarter, compared to the consensus estimate of $339.32 million. During the same period in the prior year, the firm earned $0.59 earnings per share. H&E Equipment Services’s revenue was up 25.6% on a year-over-year basis. As a group, equities analysts anticipate that H&E Equipment Services, Inc. will post 3.99 EPS for the current year.

H&E Equipment Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 24th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Thursday, February 23rd. H&E Equipment Services’s payout ratio is currently 30.30%.

About H&E Equipment Services

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H&E Equipment Services, Inc engages in the provision of equipment services which focused 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 rents construction and industrial equipment.