Arizona State Retirement System Has $479,000 Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Arizona State Retirement System increased its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,153 shares of the industrial products company’s stock after acquiring an additional 347 shares during the quarter. Arizona State Retirement System’s holdings in H&E Equipment Services were worth $479,000 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 the company. Assenagon Asset Management S.A. lifted its position in shares of H&E Equipment Services by 62.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 353,611 shares of the industrial products company’s stock worth $18,501,000 after purchasing an additional 136,504 shares during the period. Advisor Resource Council acquired a new position in shares of H&E Equipment Services in the 4th quarter worth approximately $306,000. Diversified Trust Co acquired a new position in shares of H&E Equipment Services in the 4th quarter worth approximately $379,000. Harbour Capital Advisors LLC lifted its position in shares of H&E Equipment Services by 105.6% in the 4th quarter. Harbour Capital Advisors LLC now owns 16,955 shares of the industrial products company’s stock worth $847,000 after purchasing an additional 8,710 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of H&E Equipment Services by 6.6% in the 3rd quarter. Deutsche Bank AG now owns 241,060 shares of the industrial products company’s stock worth $10,411,000 after purchasing an additional 14,921 shares during the period. Institutional investors and hedge funds own 84.08% of the company’s stock.

Insider Buying and Selling at H&E Equipment Services

In other H&E Equipment Services news, CEO Bradley W. Barber sold 9,615 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $57.80, for a total transaction of $555,747.00. Following the completion of the sale, the chief executive officer now owns 223,127 shares in the company, valued at approximately $12,896,740.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Bradley W. Barber sold 9,615 shares of the company’s stock in a transaction on Monday, March 4th. The shares were 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 owns 223,127 shares in the company, valued at approximately $12,896,740.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Bradley W. Barber sold 11,483 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $63.42, for a total transaction of $728,251.86. Following the completion of the sale, the chief executive officer now 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. In the last 90 days, insiders sold 75,800 shares of company stock worth $4,534,789. 12.50% of the stock is owned by corporate insiders.

H&E Equipment Services Stock Performance

Shares of HEES stock opened at $58.29 on Friday. The firm has a market capitalization of $2.13 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 0.82 and a beta of 1.95. The firm has a fifty day simple moving average of $59.22 and a two-hundred day simple moving average of $51.38. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 2.33. H&E Equipment Services, Inc. has a 12 month low of $32.33 and a 12 month high of $66.18.

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

H&E Equipment Services Announces Dividend

The firm also recently declared 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 1.89%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 23.55%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HEES shares. StockNews.com upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Stifel Nicolaus lifted their price objective on shares of H&E Equipment Services from $59.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of H&E Equipment Services from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd.

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.