Capital Management Associates NY lessened its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 21.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,000 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. Capital Management Associates NY owned about 0.05% of H&E Equipment Services worth $526,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of H&E Equipment Services by 3.8% during the second quarter. Vanguard Group Inc. now owns 2,758,022 shares of the industrial products company’s stock worth $56,292,000 after purchasing an additional 100,243 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of H&E Equipment Services by 12.4% during the second quarter. Macquarie Group Ltd. now owns 2,391,042 shares of the industrial products company’s stock worth $48,801,000 after purchasing an additional 263,383 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of H&E Equipment Services by 49.5% during the second quarter. Victory Capital Management Inc. now owns 2,287,033 shares of the industrial products company’s stock worth $46,678,000 after purchasing an additional 757,427 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of H&E Equipment Services by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,665,343 shares of the industrial products company’s stock worth $33,989,000 after purchasing an additional 34,766 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of H&E Equipment Services by 25.0% during the second quarter. Alliancebernstein L.P. now owns 1,539,181 shares of the industrial products company’s stock worth $31,415,000 after purchasing an additional 307,979 shares in the last quarter. 77.68% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts have recently issued reports on the stock. ValuEngine raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. BidaskClub cut shares of H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. 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 on the stock in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating on shares of H&E Equipment Services in a research report on Friday, July 28th. Finally, Bank of America Corporation began coverage on shares of H&E Equipment Services in a research report on Tuesday, September 26th. They set a “buy” rating and a $33.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $29.50.

H&E Equipment Services, Inc. (NASDAQ HEES) traded up $0.18 during mid-day trading on Tuesday, hitting $34.04. 220,000 shares of the company were exchanged, compared to its average volume of 310,675. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.06 and a quick ratio of 0.71. H&E Equipment Services, Inc. has a 12-month low of $17.01 and a 12-month high of $34.46. The stock has a market capitalization of $1,210.00, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.36 and a beta of 2.88.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.32. H&E Equipment Services had a net margin of 3.69% and a return on equity of 38.83%. The firm had revenue of $259.16 million for the quarter, compared to analyst estimates of $252.94 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. sell-side analysts forecast that H&E Equipment Services, Inc. will post 1.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 20th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.23%. H&E Equipment Services’s payout ratio is 107.84%.

H&E Equipment Services Company 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.

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

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