5,912 Shares in H&E Equipment Services, Inc. (NASDAQ:HEES) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) during the 3rd quarter, HoldingsChannel reports. The firm acquired 5,912 shares of the industrial products company’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in H&E Equipment Services during the second quarter worth about $37,000. CWM LLC raised its stake in H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 278 shares during the period. Meeder Asset Management Inc. acquired a new stake in H&E Equipment Services during the second quarter worth about $65,000. Millburn Ridgefield Corp acquired a new stake in H&E Equipment Services during the third quarter worth about $84,000. Finally, Quest Partners LLC acquired a new stake in H&E Equipment Services during the second quarter worth about $109,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Price Performance

NASDAQ HEES opened at $53.20 on Wednesday. H&E Equipment Services, Inc. has a 52 week low of $40.92 and a 52 week high of $66.18. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 13.24 and a beta of 1.84. The company has a 50-day moving average price of $55.96 and a two-hundred day moving average price of $49.85.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.15). The firm had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. H&E Equipment Services’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $1.46 EPS. Analysts forecast that H&E Equipment Services, Inc. will post 3.27 EPS for the current year.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, November 29th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 27.92%.

Analyst Upgrades and Downgrades

Separately, B. Riley restated a “buy” rating and issued a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.25.

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.