Foundry Partners LLC Has $4.92 Million Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Foundry Partners LLC boosted its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 100,432 shares of the industrial products company’s stock after buying an additional 6,097 shares during the period. Foundry Partners LLC owned approximately 0.27% of H&E Equipment Services worth $4,917,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Access Financial Services Inc. grew its position in shares of H&E Equipment Services by 20.4% in the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock valued at $1,027,000 after purchasing an additional 3,555 shares during the last quarter. Geode Capital Management LLC increased its position in H&E Equipment Services by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after buying an additional 4,226 shares during the period. State Street Corp increased its position in H&E Equipment Services by 2.9% during the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after buying an additional 21,805 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of H&E Equipment Services by 17.7% during the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock worth $325,000 after buying an additional 1,000 shares in the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of H&E Equipment Services in the third quarter valued at about $524,000. 84.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HEES has been the subject of several analyst reports. UBS Group reiterated a “neutral” rating and issued a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com initiated coverage on shares of H&E Equipment Services in a report on Saturday, March 29th. They set a “hold” rating on the stock. Four 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.com, the company currently has an average rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Trading Down 1.2 %

HEES opened at $93.08 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. 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 $3.41 billion, a price-to-earnings ratio of 23.62 and a beta of 1.94. The company has a 50-day simple moving average of $92.98 and a 200 day simple moving average of $69.03.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results 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 analyst estimates of $372.50 million. Analysts predict that H&E Equipment Services, Inc. will post 3.25 EPS 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 issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.18%. H&E Equipment Services’s dividend payout ratio (DPR) is currently 32.64%.

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.