Mackenzie Financial Corp Lowers Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Mackenzie Financial Corp lowered its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 33.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,856 shares of the industrial products company’s stock after selling 1,898 shares during the period. Mackenzie Financial Corp’s holdings in H&E Equipment Services were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Americana Partners LLC raised its holdings in H&E Equipment Services by 4.3% during the fourth quarter. Americana Partners LLC now owns 4,988 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 205 shares during the period. Arizona State Retirement System grew its position in shares of 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 worth $479,000 after purchasing an additional 347 shares in the last quarter. Kennedy Capital Management LLC raised its stake in H&E Equipment Services by 0.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 89,598 shares of the industrial products company’s stock valued at $3,870,000 after purchasing an additional 462 shares during the period. Federated Hermes Inc. lifted its holdings in H&E Equipment Services by 1.7% in the 3rd quarter. Federated Hermes Inc. now owns 66,404 shares of the industrial products company’s stock worth $2,868,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Alps Advisors Inc. boosted its stake in H&E Equipment Services by 19.0% in the 3rd quarter. Alps Advisors Inc. now owns 7,775 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 1,240 shares during the period. 84.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other H&E Equipment Services news, Director Lawrence C. Karlson sold 8,225 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $60.98, for a total transaction of $501,560.50. Following the sale, the director now owns 47,172 shares of the company’s stock, valued at approximately $2,876,548.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Bradley W. Barber sold 15,385 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $57.54, for a total transaction of $885,252.90. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, Director Lawrence C. Karlson sold 8,225 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $60.98, for a total value of $501,560.50. Following the sale, the director now owns 47,172 shares of the company’s stock, valued at approximately $2,876,548.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,800 shares of company stock worth $4,534,789. 12.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Stifel Nicolaus boosted their price target on shares of 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 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.

H&E Equipment Services Trading Up 1.0 %

HEES opened at $59.22 on Tuesday. H&E Equipment Services, Inc. has a 12 month low of $32.33 and a 12 month high of $66.18. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 2.33. The stock has a 50-day moving average of $59.62 and a 200 day moving average of $52.22. The firm has a market cap of $2.16 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.82 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 for the quarter, topping 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 company had revenue of $385.80 million for the quarter, compared to analyst estimates of $382.58 million. During the same period in the prior year, the company posted $1.41 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, research analysts forecast that H&E Equipment Services, Inc. will post 5.02 EPS for the current year.

H&E Equipment Services Announces Dividend

The company also recently declared 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. The ex-dividend date was Thursday, February 22nd. This represents a $1.10 annualized dividend and a dividend yield of 1.86%. H&E Equipment Services’s dividend payout ratio is currently 23.55%.

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.