H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. lowered its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,960 shares of the industrial products company’s stock after selling 371 shares during the period. Cozad Asset Management Inc. owned about 0.10% of H&E Equipment Services worth $1,810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millburn Ridgefield Corp acquired a new stake in shares of H&E Equipment Services during the third quarter worth about $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 purchasing an additional 1,910 shares in the last quarter. L.M. Kohn & Company acquired a new stake in shares of H&E Equipment Services during the third quarter worth about $217,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of H&E Equipment Services during the third quarter worth about $288,000. Finally, 272 Capital LP acquired a new stake in shares of H&E Equipment Services during the third quarter worth about $295,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com initiated coverage on H&E Equipment Services in a research report on Thursday, March 13th. They set a “hold” rating on the stock. UBS Group restated a “neutral” rating and issued a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research report 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Stock Performance

Shares of HEES stock opened at $93.89 on Tuesday. The stock has a market capitalization of $3.44 billion, a PE ratio of 23.83 and a beta of 1.94. H&E Equipment Services, Inc. has a 52-week low of $40.93 and a 52-week high of $101.28. The stock’s 50-day moving average price is $86.90 and its 200 day moving average price is $64.39. 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 announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. As a group, equities research analysts forecast that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is presently 32.64%.

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.