1,491 Shares in H&E Equipment Services, Inc. (HEES) Purchased by Royce & Associates LP

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Royce & Associates LP acquired a new position in H&E Equipment Services, Inc. (NASDAQ:HEES) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,491 shares of the industrial products company’s stock, valued at approximately $30,000.

Several other institutional investors also recently bought and sold shares of the stock. New England Research & Management Inc. lifted its stake in shares of H&E Equipment Services by 3.2% in the fourth quarter. New England Research & Management Inc. now owns 16,201 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 500 shares during the period. Teachers Advisors LLC increased its holdings in H&E Equipment Services by 2.1% in the third quarter. Teachers Advisors LLC now owns 66,800 shares of the industrial products company’s stock worth $2,524,000 after purchasing an additional 1,403 shares in the last quarter. Legal & General Group Plc increased its holdings in H&E Equipment Services by 13.6% in the third quarter. Legal & General Group Plc now owns 12,306 shares of the industrial products company’s stock worth $465,000 after purchasing an additional 1,475 shares in the last quarter. Banced Corp increased its holdings in H&E Equipment Services by 15.7% in the fourth quarter. Banced Corp now owns 11,821 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 1,603 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in H&E Equipment Services by 18.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,881 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 1,690 shares in the last quarter. 69.63% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on HEES shares. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. BidaskClub upgraded H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. Finally, UBS Group set a $30.00 target price on H&E Equipment Services and gave the stock a “hold” rating in a report on Friday, March 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. H&E Equipment Services presently has an average rating of “Hold” and an average price target of $35.20.

In other news, Director Bruce Bruckmann acquired 22,500 shares of the firm’s stock in a transaction dated Friday, December 21st. The stock was purchased at an average price of $19.56 per share, for a total transaction of $440,100.00. Following the completion of the acquisition, the director now directly owns 767,740 shares in the company, valued at approximately $15,016,994.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul Arnold acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The shares were purchased at an average price of $20.07 per share, with a total value of $200,700.00. Following the acquisition, the director now owns 68,204 shares of the company’s stock, valued at $1,368,854.28. The disclosure for this purchase can be found here. Insiders own 11.70% of the company’s stock.

Shares of HEES stock opened at $25.62 on Friday. The company has a market capitalization of $916.02 million, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.78 and a beta of 2.77. The company has a quick ratio of 0.62, a current ratio of 0.90 and a debt-to-equity ratio of 3.68. H&E Equipment Services, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $42.37.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Thursday, February 21st. The industrial products company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.13. The business had revenue of $345.97 million during the quarter, compared to the consensus estimate of $320.50 million. H&E Equipment Services had a return on equity of 32.46% and a net margin of 6.18%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. On average, research analysts anticipate that H&E Equipment Services, Inc. will post 2.3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 20th were issued a dividend of $0.275 per share. The ex-dividend date was Tuesday, February 19th. This represents a $1.10 annualized dividend and a dividend yield of 4.29%. H&E Equipment Services’s dividend payout ratio is 51.64%.

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H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for 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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