Fisher Asset Management LLC Grows Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Fisher Asset Management LLC raised its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 14.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,895 shares of the industrial products company’s stock after acquiring an additional 25,413 shares during the quarter. Fisher Asset Management LLC owned approximately 0.54% of H&E Equipment Services worth $9,585,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its holdings in shares of H&E Equipment Services by 645.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 21,968 shares of the industrial products company’s stock valued at $1,411,000 after purchasing an additional 19,021 shares in the last quarter. SG Americas Securities LLC raised its stake in H&E Equipment Services by 688.1% in the second quarter. SG Americas Securities LLC now owns 20,862 shares of the industrial products company’s stock valued at $921,000 after buying an additional 18,215 shares in the last quarter. Comerica Bank lifted its holdings in H&E Equipment Services by 2,460.2% during the 1st quarter. Comerica Bank now owns 34,819 shares of the industrial products company’s stock worth $2,235,000 after buying an additional 33,459 shares during the last quarter. KG&L Capital Management LLC acquired a new position in shares of H&E Equipment Services during the 3rd quarter worth about $542,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of H&E Equipment Services in the 2nd quarter valued at about $545,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Trading Down 1.6 %

Shares of H&E Equipment Services stock opened at $59.33 on Thursday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 13.88 and a beta of 1.82. H&E Equipment Services, Inc. has a 52-week low of $40.92 and a 52-week high of $66.18. The company’s 50-day simple moving average is $53.50 and its 200-day simple moving average is $48.95. 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 (NASDAQ:HEES) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.15). The business had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. During the same quarter in the previous year, the firm posted $1.46 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Friday, November 29th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 27.92%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HEES. Stifel Nicolaus reduced their price objective on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. B. Riley reissued a “buy” rating and issued a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. KeyCorp initiated coverage on H&E Equipment Services in a research note on Friday, August 9th. They set a “sector weight” rating on the stock. Finally, UBS Group reduced their price objective on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, H&E Equipment Services has a consensus rating of “Moderate Buy” and a consensus target price 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.