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

Federated Hermes Inc. reduced its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.8% during the 4th quarter, Holdings Channel reports. The fund owned 61,917 shares of the industrial products company’s stock after selling 4,487 shares during the quarter. Federated Hermes Inc.’s holdings in H&E Equipment Services were worth $3,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in HEES. SG Americas Securities LLC acquired a new stake in H&E Equipment Services in the 3rd quarter valued at approximately $494,000. Redwood Investments LLC increased its position in H&E Equipment Services by 21.9% in the 3rd quarter. Redwood Investments LLC now owns 280,891 shares of the industrial products company’s stock valued at $12,132,000 after acquiring an additional 50,410 shares during the period. Bank of New York Mellon Corp boosted its stake in H&E Equipment Services by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 307,891 shares of the industrial products company’s stock valued at $13,298,000 after purchasing an additional 5,840 shares in the last quarter. Strs Ohio boosted its stake in H&E Equipment Services by 81.4% during the 3rd quarter. Strs Ohio now owns 7,800 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in H&E Equipment Services by 9.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 309,899 shares of the industrial products company’s stock valued at $13,385,000 after purchasing an additional 25,599 shares in the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Stock Performance

HEES opened at $58.65 on Friday. The firm has a market cap of $2.14 billion, a PE ratio of 12.56, a P/E/G ratio of 0.82 and a beta of 1.95. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 2.33. The business has a fifty day simple moving average of $59.53 and a 200-day simple moving average of $52.06. H&E Equipment Services, Inc. has a fifty-two week low of $32.33 and a fifty-two week high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.47 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 36.72% and a net margin of 11.52%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $1.41 EPS. As a group, equities analysts predict that H&E Equipment Services, Inc. will post 5.02 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, February 22nd. H&E Equipment Services’s dividend payout ratio is presently 23.55%.

Insider Transactions at H&E Equipment Services

In other news, CEO Bradley W. Barber sold 23,100 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $60.53, for a total value of $1,398,243.00. Following the completion of the sale, the chief executive officer now owns 221,653 shares of the company’s stock, valued at $13,416,656.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Bradley W. Barber sold 23,100 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $60.53, for a total value of $1,398,243.00. Following the completion of the sale, the chief executive officer now owns 221,653 shares of the company’s stock, valued at $13,416,656.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bradley W. Barber sold 1,092 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $63.42, for a total value of $69,254.64. Following the completion of the sale, the chief executive officer now directly owns 209,078 shares of the company’s stock, valued at approximately $13,259,726.76. The disclosure for this sale can be found here. Insiders sold a total of 75,800 shares of company stock valued at $4,534,789 in the last three months. 12.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HEES shares. Wells Fargo & Company increased their price target on 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. Stifel Nicolaus increased their price target on 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, StockNews.com raised H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st.

H&E Equipment Services 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.