Segall Bryant & Hamill LLC Sells 12,953 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Segall Bryant & Hamill LLC trimmed its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,613 shares of the industrial products company’s stock after selling 12,953 shares during the quarter. Segall Bryant & Hamill LLC owned 0.24% of H&E Equipment Services worth $4,290,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HEES. Millburn Ridgefield Corp acquired a new position in H&E Equipment Services during the third quarter worth $84,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 1,910 shares in the last quarter. L.M. Kohn & Company acquired a new stake in shares of H&E Equipment Services in the 3rd quarter worth about $217,000. Wilmington Savings Fund Society FSB bought a new position in H&E Equipment Services in the 3rd quarter valued at about $288,000. Finally, 272 Capital LP acquired a new position in H&E Equipment Services during the 3rd quarter valued at about $295,000. 84.08% of the stock is currently owned by institutional investors.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES opened at $95.48 on Friday. The company has a market capitalization of $3.50 billion, a PE ratio of 24.23 and a beta of 1.94. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The stock’s 50 day moving average price is $92.25 and its 200-day moving average price is $66.89. H&E Equipment Services, Inc. has a twelve month low of $40.93 and a twelve month high of $101.28.

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, beating analysts’ consensus estimates of $0.81 by $0.18. The firm had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. On average, equities 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 announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s payout ratio is 32.64%.

Analyst Ratings Changes

Several analysts have recently commented on HEES shares. UBS Group restated 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. StockNews.com began coverage on H&E Equipment Services in a research report on Friday, March 21st. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.