Intech Investment Management LLC Has $841,000 Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Intech Investment Management LLC grew its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 144.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,179 shares of the industrial products company’s stock after buying an additional 10,138 shares during the quarter. Intech Investment Management LLC’s holdings in H&E Equipment Services were worth $841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in 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 valued at $601,000 after acquiring an additional 282 shares during the last quarter. Swiss National Bank raised its holdings in shares of H&E Equipment Services by 0.6% during the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company’s stock valued at $3,163,000 after purchasing an additional 400 shares in the last quarter. Diversified Trust Co raised its holdings in shares of 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 in the last quarter. Rhumbline Advisers lifted its stake in shares of H&E Equipment Services by 1.7% in 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 last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in 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 worth $299,000 after purchasing an additional 799 shares in the last quarter. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Price Performance

NASDAQ HEES opened at $95.03 on Monday. The stock has a 50-day simple moving average of $90.82 and a 200 day simple moving average of $65.75. H&E Equipment Services, Inc. has a twelve month low of $40.93 and a twelve month high of $101.28. The stock has a market capitalization of $3.48 billion, a PE ratio of 24.12 and a beta of 1.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

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

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.16%. H&E Equipment Services’s payout ratio is 32.64%.

Analyst Ratings Changes

Several equities analysts have weighed in on HEES shares. StockNews.com began coverage on H&E Equipment Services in a report on Friday. They set a “hold” rating on the stock. UBS Group restated a “neutral” rating and issued a $92.00 target price (up 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 given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.33.

H&E Equipment Services Profile

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.