KG&L Capital Management LLC Lowers Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

KG&L Capital Management LLC lowered its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 4.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,626 shares of the industrial products company’s stock after selling 500 shares during the period. KG&L Capital Management LLC’s holdings in H&E Equipment Services were worth $520,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in H&E Equipment Services during the 2nd quarter valued at approximately $37,000. Millburn Ridgefield Corp bought a new stake in shares of H&E Equipment Services in the third quarter worth about $84,000. Point72 Asset Management L.P. boosted its stake in H&E Equipment Services by 43.8% during the second quarter. Point72 Asset Management L.P. now owns 4,600 shares of the industrial products company’s stock valued at $203,000 after buying an additional 1,400 shares during the last quarter. L.M. Kohn & Company bought a new stake in H&E Equipment Services in the 3rd quarter worth approximately $217,000. Finally, Creative Planning purchased a new stake in shares of H&E Equipment Services during the 3rd quarter worth approximately $254,000. 84.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HEES shares. B. Riley restated a “buy” rating and issued a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. UBS Group restated a “neutral” rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Finally, StockNews.com assumed coverage on shares of H&E Equipment Services in a report on Saturday. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, H&E Equipment Services presently has an average rating of “Hold” and an average price target of $69.25.

H&E Equipment Services Price Performance

HEES stock opened at $88.69 on Friday. The stock has a market cap of $3.25 billion, a PE ratio of 22.51 and a beta of 1.88. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $90.66. The company has a 50-day moving average price of $62.93 and a 200 day moving average price of $54.64. The company has a current ratio of 0.64, a quick ratio of 0.59 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 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. During the same period in the prior year, the company posted $1.46 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, November 29th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 27.92%.

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.