Cooke & Bieler LP Decreases Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Cooke & Bieler LP lessened its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 462,539 shares of the industrial products company’s stock after selling 24,684 shares during the quarter. Cooke & Bieler LP owned about 1.26% of H&E Equipment Services worth $22,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in H&E Equipment Services in the 4th quarter worth approximately $3,639,000. Proficio Capital Partners LLC purchased a new position in shares of H&E Equipment Services during the 4th quarter valued at approximately $1,522,000. Victory Capital Management Inc. boosted its stake in shares of H&E Equipment Services by 1,238.8% during the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company’s stock valued at $33,778,000 after buying an additional 638,379 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of H&E Equipment Services by 2.4% during the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company’s stock valued at $601,000 after buying an additional 282 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of H&E Equipment Services by 77.1% during the 4th quarter. Fisher Asset Management LLC now owns 348,656 shares of the industrial products company’s stock valued at $17,070,000 after buying an additional 151,761 shares during the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Performance

HEES stock opened at $93.40 on Tuesday. 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 firm has a market cap of $3.42 billion, a P/E ratio of 23.71 and a beta of 1.94. H&E Equipment Services, Inc. has a 12-month low of $40.93 and a 12-month high of $101.28. The stock’s 50 day simple moving average is $82.41 and its 200 day simple moving average is $62.79.

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, beating the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. As a group, equities research analysts predict 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 announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is presently 32.64%.

Analyst Ratings Changes

HEES has been the subject of several research analyst reports. StockNews.com initiated coverage on H&E Equipment Services in a research note on Wednesday, March 5th. They set a “hold” rating for the company. UBS Group reiterated a “neutral” rating and set a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.