H&E Equipment Services, Inc. (NASDAQ:HEES) Stock Position Lifted by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 94.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 113,603 shares of the industrial products company’s stock after buying an additional 55,214 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in H&E Equipment Services were worth $5,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Americana Partners LLC increased its holdings in H&E Equipment Services by 4.3% in the 4th quarter. Americana Partners LLC now owns 4,988 shares of the industrial products company’s stock valued at $261,000 after buying an additional 205 shares during the period. Legal & General Group Plc increased its holdings in H&E Equipment Services by 0.8% in the 4th quarter. Legal & General Group Plc now owns 29,451 shares of the industrial products company’s stock valued at $1,337,000 after buying an additional 247 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in H&E Equipment Services by 1.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 21,141 shares of the industrial products company’s stock valued at $600,000 after buying an additional 251 shares during the period. Wells Fargo & Company MN grew its holdings in shares of H&E Equipment Services by 0.4% in the 4th quarter. Wells Fargo & Company MN now owns 67,610 shares of the industrial products company’s stock worth $3,069,000 after purchasing an additional 275 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of H&E Equipment Services by 23.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,714 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.

Analyst Ratings Changes

HEES has been the topic of several analyst reports. StockNews.com raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus upped their target price on shares of H&E Equipment Services from $59.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Wells Fargo & Company upped their target price on shares of H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd.

H&E Equipment Services Price Performance

NASDAQ:HEES traded down $0.08 during mid-day trading on Friday, reaching $57.94. 81,777 shares of the company were exchanged, compared to its average volume of 208,081. H&E Equipment Services, Inc. has a 12 month low of $32.33 and a 12 month high of $66.18. The company has a fifty day moving average of $59.15 and a 200 day moving average of $51.27. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 2.33. The stock has a market cap of $2.12 billion, a PE ratio of 12.42, a PEG ratio of 0.82 and a beta of 1.95.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.25. H&E Equipment Services had a net margin of 11.52% and a return on equity of 36.72%. The firm had revenue of $385.80 million for the quarter, compared to analyst estimates of $382.58 million. During the same quarter in the prior year, the firm earned $1.41 EPS. The company’s revenue was up 9.2% on a year-over-year basis. On average, research analysts anticipate that H&E Equipment Services, Inc. will post 5.02 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were given a dividend of $0.275 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.10 dividend on an annualized basis and a yield of 1.90%. H&E Equipment Services’s payout ratio is presently 23.55%.

Insider Buying and Selling at H&E Equipment Services

In other H&E Equipment Services news, CEO Bradley W. Barber sold 11,483 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $63.42, for a total transaction of $728,251.86. Following the transaction, the chief executive officer now directly owns 210,170 shares in the company, valued at approximately $13,328,981.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Bradley W. Barber sold 1,092 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $63.42, for a total value of $69,254.64. Following the sale, the chief executive officer now directly owns 209,078 shares in the company, valued at approximately $13,259,726.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley W. Barber sold 11,483 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $63.42, for a total transaction of $728,251.86. Following the completion of the sale, the chief executive officer now owns 210,170 shares in the company, valued at $13,328,981.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,800 shares of company stock worth $4,534,789. Company insiders own 12.50% of the company’s stock.

H&E Equipment Services Profile

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.