Capstone Investment Advisors LLC Acquires Shares of 3,383 H&E Equipment Services, Inc. (NASDAQ:HEES)

Capstone Investment Advisors LLC acquired a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEESFree Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,383 shares of the industrial products company’s stock, valued at approximately $217,000.

Other hedge funds also recently bought and sold shares of the company. Busey Bank purchased a new stake in shares of H&E Equipment Services in the first quarter worth approximately $206,000. Versor Investments LP purchased a new stake in shares of H&E Equipment Services in the fourth quarter worth approximately $223,000. Avantax Planning Partners Inc. purchased a new stake in shares of H&E Equipment Services in the fourth quarter worth approximately $224,000. L.M. Kohn & Company purchased a new stake in shares of H&E Equipment Services in the fourth quarter worth approximately $233,000. Finally, Quest Partners LLC purchased a new stake in shares of H&E Equipment Services in the fourth quarter worth approximately $258,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on H&E Equipment Services

H&E Equipment Services Trading Up 1.2 %

Shares of HEES stock opened at $43.81 on Thursday. The business’s 50 day moving average is $45.83 and its two-hundred day moving average is $52.43. The company has a market cap of $1.60 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 1.58 and a beta of 1.89. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 2.26. H&E Equipment Services, Inc. has a 12 month low of $38.06 and a 12 month high of $66.18.

H&E Equipment Services (NASDAQ:HEESGet Free Report) last announced its earnings results 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). H&E Equipment Services had a return on equity of 34.33% and a net margin of 11.17%. The company had revenue of $371.20 million for the quarter, compared to the consensus estimate of $352.52 million. During the same period last year, the firm posted $0.71 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. Equities analysts predict that H&E Equipment Services, Inc. will post 4.13 EPS for the current year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Thursday, May 30th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, May 30th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 23.55%.

About H&E Equipment Services

(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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