Russell Investments Group Ltd. decreased its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 18.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,404 shares of the industrial products company’s stock after selling 4,959 shares during the period. Russell Investments Group Ltd. owned 0.06% of H&E Equipment Services worth $457,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in shares of H&E Equipment Services in the 1st quarter valued at approximately $230,000. UBS Asset Management Americas Inc. purchased a new stake in shares of H&E Equipment Services in the 1st quarter valued at approximately $297,000. Karp Capital Management Corp purchased a new stake in shares of H&E Equipment Services in the 1st quarter valued at approximately $310,000. KCG Holdings Inc. purchased a new stake in shares of H&E Equipment Services in the 1st quarter valued at approximately $311,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of H&E Equipment Services in the 1st quarter valued at approximately $348,000. 75.08% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research note on Wednesday, August 9th. BidaskClub upgraded shares of H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. UBS AG restated a “sell” rating and issued a $16.00 price objective (up from $15.00) on shares of H&E Equipment Services in a report on Monday, July 31st. ValuEngine upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of H&E Equipment Services in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $24.00.

Shares of H&E Equipment Services, Inc. (NASDAQ HEES) traded down 0.19% during trading on Thursday, hitting $26.85. 54,704 shares of the stock traded hands. H&E Equipment Services, Inc. has a 52-week low of $12.72 and a 52-week high of $27.54. The company’s 50 day moving average is $23.07 and its 200 day moving average is $22.12. The firm has a market cap of $944.45 million, a PE ratio of 24.21 and a beta of 2.49.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. H&E Equipment Services had a net margin of 4.08% and a return on equity of 27.93%. The firm had revenue of $249.40 million during the quarter, compared to the consensus estimate of $237.81 million. During the same period in the previous year, the firm earned $0.21 earnings per share. H&E Equipment Services’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that H&E Equipment Services, Inc. will post $1.21 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, September 1st were issued a $0.275 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.10 dividend on an annualized basis and a yield of 4.09%. H&E Equipment Services’s payout ratio is 99.10%.

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H&E Equipment Services Profile

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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Institutional Ownership by Quarter for H&E Equipment Services (NASDAQ:HEES)

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