Nisa Investment Advisors LLC Has $495,000 Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Nisa Investment Advisors LLC cut its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 20.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,466 shares of the industrial products company’s stock after selling 2,400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in H&E Equipment Services were worth $495,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Legal & General Group Plc boosted its position in H&E Equipment Services by 0.8% during the fourth quarter. Legal & General Group Plc now owns 29,451 shares of the industrial products company’s stock valued at $1,337,000 after purchasing an additional 247 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in H&E Equipment Services by 1.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 21,141 shares of the industrial products company’s stock valued at $600,000 after purchasing an additional 251 shares during the last quarter. Wells Fargo & Company MN boosted its position in H&E Equipment Services by 0.4% during the fourth quarter. Wells Fargo & Company MN now owns 67,610 shares of the industrial products company’s stock valued at $3,069,000 after purchasing an additional 275 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in H&E Equipment Services by 23.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,714 shares of the industrial products company’s stock valued at $78,000 after purchasing an additional 325 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in H&E Equipment Services by 3.9% during the fourth quarter. Arizona State Retirement System now owns 9,153 shares of the industrial products company’s stock valued at $479,000 after purchasing an additional 347 shares during the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Gary W. Bagley sold 5,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $56.34, for a total transaction of $281,700.00. Following the completion of the sale, the director now directly owns 59,151 shares in the company, valued at approximately $3,332,567.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Gary W. Bagley sold 5,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $56.34, for a total transaction of $281,700.00. Following the completion of the sale, the director now owns 59,151 shares of the company’s stock, valued at $3,332,567.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bradley W. Barber sold 11,483 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $63.42, for a total transaction of $728,251.86. Following the sale, the chief executive officer now directly owns 210,170 shares of the company’s stock, valued at approximately $13,328,981.40. The disclosure for this sale can be found here. Insiders have sold a total of 75,800 shares of company stock worth $4,534,789 in the last 90 days. Company insiders own 12.50% of the company’s stock.

H&E Equipment Services Stock Performance

Shares of NASDAQ HEES opened at $58.78 on Thursday. 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 stock’s fifty day moving average price is $58.99 and its two-hundred day moving average price is $51.17. H&E Equipment Services, Inc. has a one year low of $32.33 and a one year high of $66.18. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 0.85 and a beta of 1.95.

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

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.10 dividend on an annualized basis and a yield of 1.87%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 23.55%.

Wall Street Analyst Weigh In

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

H&E Equipment Services Company Profile

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.