H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 20.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,211 shares of the industrial products company’s stock after selling 1,635 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in H&E Equipment Services were worth $302,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HEES. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of H&E Equipment Services during the second quarter worth $37,000. CWM LLC increased its stake in shares of H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after buying an additional 278 shares during the period. Meeder Asset Management Inc. acquired a new stake in H&E Equipment Services in the second quarter valued at approximately $65,000. Quest Partners LLC acquired a new stake in H&E Equipment Services in the second quarter valued at approximately $109,000. Finally, Bailard Inc. purchased a new position in H&E Equipment Services in the second quarter worth approximately $203,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Trading Up 0.7 %

Shares of H&E Equipment Services stock opened at $59.99 on Monday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The company has a market capitalization of $2.20 billion, a P/E ratio of 15.23, a PEG ratio of 13.49 and a beta of 1.84. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $66.18. The company’s fifty day moving average is $55.09 and its two-hundred day moving average is $49.47.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. During the same quarter in the previous year, the firm posted $1.46 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts forecast that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, November 29th. H&E Equipment Services’s dividend payout ratio (DPR) is 27.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price objective on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. B. Riley reiterated a “buy” rating and issued a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, H&E Equipment Services has an average rating of “Moderate Buy” and an average price target of $61.25.

About H&E Equipment Services

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.