Barclays PLC Boosts Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Barclays PLC raised its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,583 shares of the industrial products company’s stock after buying an additional 2,565 shares during the quarter. Barclays PLC owned about 0.17% of H&E Equipment Services worth $3,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. boosted its holdings in shares of H&E Equipment Services by 17.8% in the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 220 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of H&E Equipment Services by 38.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 1,166 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of H&E Equipment Services in the 3rd quarter worth about $288,000. Commonwealth Equity Services LLC boosted its holdings in shares of H&E Equipment Services by 15.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 799 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of H&E Equipment Services in the 4th quarter worth about $313,000. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HEES shares. StockNews.com started coverage on H&E Equipment Services in a report on Tuesday, April 22nd. They issued a “hold” rating for the company. UBS Group reissued a “neutral” rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, H&E Equipment Services currently has an average rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Trading Down 0.8 %

HEES opened at $89.62 on Wednesday. The business has a 50 day simple moving average of $93.42 and a two-hundred day simple moving average of $74.57. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 22.75 and a beta of 1.74. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.63). The business had revenue of $319.46 million for the quarter, compared to the consensus estimate of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. Analysts predict that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s 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.