Denali Advisors LLC Takes $321,000 Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Denali Advisors LLC bought a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEESFree Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 5,000 shares of the industrial products company’s stock, valued at approximately $321,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Americana Partners LLC raised its holdings in shares of 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 purchasing an additional 205 shares during the period. Arizona State Retirement System boosted its holdings in H&E Equipment Services by 3.9% in the fourth quarter. Arizona State Retirement System now owns 9,153 shares of the industrial products company’s stock worth $479,000 after acquiring an additional 347 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in H&E Equipment Services by 0.5% in the third quarter. Kennedy Capital Management LLC now owns 89,598 shares of the industrial products company’s stock worth $3,870,000 after acquiring an additional 462 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in H&E Equipment Services by 12.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,618 shares of the industrial products company’s stock valued at $556,000 after acquiring an additional 1,137 shares during the period. Finally, Alps Advisors Inc. increased its holdings in shares of H&E Equipment Services by 19.0% during the third quarter. Alps Advisors Inc. now owns 7,775 shares of the industrial products company’s stock valued at $336,000 after acquiring an additional 1,240 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Stock Performance

Shares of HEES opened at $43.53 on Thursday. The stock has a 50 day moving average of $46.88 and a 200 day moving average of $52.74. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 1.58 and a beta of 1.89. H&E Equipment Services, Inc. has a 12 month low of $38.06 and a 12 month high of $66.18. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 2.26.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The business had revenue of $371.20 million during the quarter, compared to the consensus estimate of $352.52 million. H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. As a group, sell-side analysts forecast that H&E Equipment Services, Inc. will post 4.13 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Thursday, May 30th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.10 dividend on an annualized basis and a yield of 2.53%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 23.55%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James assumed coverage on shares of H&E Equipment Services in a research report on Friday, June 28th. They issued a “market perform” rating for the company. UBS Group reduced their price objective on shares of H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a report on Friday, May 24th. Stifel Nicolaus lowered their target price on shares of H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, StockNews.com lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, H&E Equipment Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Read Our Latest Report on HEES

H&E Equipment Services 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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