Algert Global LLC Acquires 35,503 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Algert Global LLC boosted its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 40.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 123,498 shares of the industrial products company’s stock after purchasing an additional 35,503 shares during the period. Algert Global LLC’s holdings in H&E Equipment Services were worth $6,012,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in H&E Equipment Services in the 2nd quarter worth approximately $37,000. CWM LLC increased its position in H&E Equipment Services by 42.5% in the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after buying an additional 278 shares during the period. Meeder Asset Management Inc. bought a new position in H&E Equipment Services in the 2nd quarter worth approximately $65,000. Quest Partners LLC bought a new position in H&E Equipment Services in the 2nd quarter worth approximately $109,000. Finally, Virtu Financial LLC bought a new position in H&E Equipment Services in the 1st quarter worth approximately $217,000. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Price Performance

Shares of HEES stock opened at $58.76 on Friday. The stock’s fifty day simple moving average is $52.64 and its 200 day simple moving average is $48.71. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 12.94 and a beta of 1.82. H&E Equipment Services, Inc. has a one year low of $40.92 and a one year high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly 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 company had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. H&E Equipment Services’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 EPS. On average, analysts expect that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, November 29th. H&E Equipment Services’s dividend payout ratio is 27.92%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HEES. KeyCorp began coverage on H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating on the stock. B. Riley restated a “buy” rating and set a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Stifel Nicolaus lowered their price objective on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, UBS Group lowered their price objective on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, H&E Equipment Services has an average rating of “Moderate Buy” and an average price target 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.