Brandywine Global Investment Management LLC Has $6.01 Million Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Brandywine Global Investment Management LLC decreased its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 4.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 122,745 shares of the industrial products company’s stock after selling 5,700 shares during the quarter. Brandywine Global Investment Management LLC owned 0.34% of H&E Equipment Services worth $6,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HEES. Jones Financial Companies Lllp boosted its holdings in shares of H&E Equipment Services by 2.4% in the fourth quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company’s stock worth $601,000 after buying an additional 282 shares during the period. Swiss National Bank boosted its stake in H&E Equipment Services by 0.6% in the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company’s stock worth $3,163,000 after purchasing an additional 400 shares during the period. Diversified Trust Co raised its stake in H&E Equipment Services by 5.7% during the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock valued at $520,000 after purchasing an additional 574 shares during the period. Rhumbline Advisers raised its stake in H&E Equipment Services by 1.7% during the 4th quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company’s stock valued at $2,236,000 after purchasing an additional 745 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of H&E Equipment Services by 15.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 799 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Performance

Shares of NASDAQ HEES opened at $95.24 on Wednesday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28. The business’s 50-day moving average price is $92.64 and its two-hundred day moving average price is $68.33. The company has a market capitalization of $3.49 billion, a P/E ratio of 24.17 and a beta of 1.94.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.81 by $0.18. The business had revenue of $384.08 million during the quarter, compared to analysts’ expectations of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. Analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.275 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.15%. H&E Equipment Services’s dividend payout ratio (DPR) is 32.64%.

Analyst Upgrades and Downgrades

HEES has been the topic of several recent analyst reports. StockNews.com began coverage on H&E Equipment Services in a research report on Saturday. They set a “hold” rating on the stock. UBS Group reiterated a “neutral” rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.33.

About H&E Equipment Services

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.