H&E Equipment Services, Inc. (NASDAQ:HEES) Holdings Decreased by Stifel Financial Corp

Stifel Financial Corp trimmed its position in H&E Equipment Services, Inc. (NASDAQ:HEESFree Report) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,253 shares of the industrial products company’s stock after selling 473 shares during the quarter. Stifel Financial Corp owned approximately 0.43% of H&E Equipment Services worth $8,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP grew its stake in H&E Equipment Services by 59.7% during the 3rd quarter. Quantbot Technologies LP now owns 9,399 shares of the industrial products company’s stock worth $406,000 after buying an additional 3,513 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in H&E Equipment Services during the 3rd quarter worth $764,000. HighTower Advisors LLC bought a new position in H&E Equipment Services during the 3rd quarter worth $2,587,000. Campbell & CO Investment Adviser LLC grew its stake in H&E Equipment Services by 95.3% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 11,409 shares of the industrial products company’s stock worth $493,000 after buying an additional 5,567 shares during the last quarter. Finally, UBS Group AG grew its stake in 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 worth $7,293,000 after buying an additional 28,484 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Bradley W. Barber sold 1,092 shares of the company’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 owns 209,078 shares in the company, valued at $13,259,726.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Bradley W. Barber sold 1,092 shares of the company’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 owns 209,078 shares in the company, valued at $13,259,726.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary W. Bagley sold 5,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $56.34, for a total value of $281,700.00. Following the sale, the director now directly owns 59,151 shares of the company’s stock, valued at $3,332,567.34. The disclosure for this sale can be found here. Insiders sold a total of 48,900 shares of company stock worth $2,979,010 over the last 90 days. 12.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HEES has been the subject of a number of recent research reports. UBS Group lowered their price objective on H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Wells Fargo & Company increased their price target 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. Stifel Nicolaus decreased their price target on H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, StockNews.com cut H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Get Our Latest Report on HEES

H&E Equipment Services Trading Down 0.0 %

NASDAQ:HEES opened at $45.01 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.62 and a current ratio of 0.85. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 1.63 and a beta of 1.93. The business has a fifty day moving average of $53.63 and a 200-day moving average of $53.04. H&E Equipment Services, Inc. has a 1 year low of $38.06 and a 1 year high of $66.18.

H&E Equipment Services (NASDAQ:HEESGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). The firm had revenue of $371.20 million during the quarter, compared to analyst estimates of $352.52 million. H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. Equities analysts predict that H&E Equipment Services, Inc. will post 4.08 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 30th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.10 annualized dividend and a dividend yield of 2.44%. H&E Equipment Services’s dividend payout ratio (DPR) is 23.55%.

H&E Equipment Services Company 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.

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

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