Redwood Investments LLC Sells 236,785 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Redwood Investments LLC cut its holdings in H&E Equipment Services, Inc. (NASDAQ:HEESFree Report) by 84.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,106 shares of the industrial products company’s stock after selling 236,785 shares during the quarter. Redwood Investments LLC owned 0.12% of H&E Equipment Services worth $2,308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HEES. GSA Capital Partners LLP lifted its holdings in shares of H&E Equipment Services by 232.2% during the 3rd quarter. GSA Capital Partners LLP now owns 27,303 shares of the industrial products company’s stock valued at $1,179,000 after buying an additional 19,084 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of H&E Equipment Services by 24.0% during the 2nd quarter. Alberta Investment Management Corp now owns 78,003 shares of the industrial products company’s stock valued at $3,569,000 after buying an additional 15,107 shares during the period. UBS Group AG lifted its holdings in shares of H&E Equipment Services by 20.3% during the 3rd quarter. UBS Group AG now owns 168,859 shares of the industrial products company’s stock valued at $7,293,000 after buying an additional 28,484 shares during the period. Deutsche Bank AG lifted its holdings in shares of H&E Equipment Services by 6.6% during the 3rd quarter. Deutsche Bank AG now owns 241,060 shares of the industrial products company’s stock valued at $10,411,000 after buying an additional 14,921 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of H&E Equipment Services by 1,537.9% during the 3rd quarter. Lazard Asset Management LLC now owns 20,850 shares of the industrial products company’s stock valued at $900,000 after buying an additional 19,577 shares during the period. 84.08% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Bradley W. Barber sold 9,615 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $57.80, for a total value of $555,747.00. Following the transaction, the chief executive officer now directly owns 223,127 shares in the company, valued at $12,896,740.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Bradley W. Barber sold 15,385 shares of H&E Equipment Services stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $57.54, for a total value of $885,252.90. Following the sale, the chief executive officer now directly owns 232,742 shares of the company’s stock, valued at $13,391,974.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bradley W. Barber sold 9,615 shares of H&E Equipment Services stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $57.80, for a total value of $555,747.00. Following the completion of the sale, the chief executive officer now directly owns 223,127 shares in the company, valued at $12,896,740.60. The disclosure for this sale can be found here. Insiders have sold 75,800 shares of company stock worth $4,534,789 over the last ninety days. Corporate insiders own 12.60% of the company’s stock.

H&E Equipment Services Trading Down 0.7 %

NASDAQ:HEES opened at $64.18 on Monday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.05 and a quick ratio of 0.74. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.90 and a beta of 1.95. H&E Equipment Services, Inc. has a one year low of $32.33 and a one year high of $64.97. The business has a fifty day moving average price of $56.56 and a 200-day moving average price of $49.47.

H&E Equipment Services (NASDAQ:HEESGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.22 by $0.25. H&E Equipment Services had a return on equity of 36.72% and a net margin of 11.52%. The business had revenue of $385.80 million for the quarter, compared to the consensus estimate of $382.58 million. During the same period in the previous year, the business earned $1.41 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. Sell-side analysts forecast that H&E Equipment Services, Inc. will post 5.02 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were given a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.10 annualized dividend and a dividend yield of 1.71%. H&E Equipment Services’s payout ratio is 23.55%.

Analyst Ratings Changes

HEES has been the topic of several research analyst reports. StockNews.com raised H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus upped their price objective on H&E Equipment Services from $59.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company upped their price objective on H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd.

View Our Latest Research Report on HEES

H&E Equipment Services Profile

(Free Report)

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.

Further Reading

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Institutional Ownership by Quarter for H&E Equipment Services (NASDAQ:HEES)

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