LPL Financial LLC Has $902,000 Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

LPL Financial LLC trimmed its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 19.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 18,426 shares of the industrial products company’s stock after selling 4,399 shares during the quarter. LPL Financial LLC owned about 0.05% of H&E Equipment Services worth $902,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in shares of H&E Equipment Services by 2.4% in the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 282 shares during the last quarter. Swiss National Bank boosted its holdings in shares of H&E Equipment Services by 0.6% during the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company’s stock worth $3,163,000 after buying an additional 400 shares in the last quarter. Diversified Trust Co grew its position in shares of H&E Equipment Services by 5.7% during the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock worth $520,000 after buying an additional 574 shares during the period. Rhumbline Advisers raised its holdings in shares of H&E Equipment Services by 1.7% during the fourth quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company’s stock valued at $2,236,000 after purchasing an additional 745 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of H&E Equipment Services by 15.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 799 shares in the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HEES. UBS Group reissued a “neutral” rating and set a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com began coverage on H&E Equipment Services in a research note on Monday, April 14th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Price Performance

H&E Equipment Services stock opened at $90.73 on Monday. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 23.03 and a beta of 1.74. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The business has a 50-day simple moving average of $93.86 and a 200 day simple moving average of $72.84. H&E Equipment Services, Inc. has a 52 week low of $40.93 and a 52 week high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business had revenue of $384.08 million for the quarter, compared to the consensus estimate of $372.50 million. On average, research analysts forecast that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.21%. H&E Equipment Services’s dividend payout ratio is 32.64%.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.