4,600 Shares in H&E Equipment Services, Inc. (NASDAQ:HEES) Bought by Bailard Inc.

Bailard Inc. acquired a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,600 shares of the industrial products company’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC grew its stake in H&E Equipment Services by 42.5% during the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after buying an additional 278 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of H&E Equipment Services by 8.5% in the first quarter. ProShare Advisors LLC now owns 5,781 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 454 shares in the last quarter. Diversified Trust Co grew its stake in shares of H&E Equipment Services by 5.3% in the second quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 503 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of H&E Equipment Services by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 275,363 shares of the industrial products company’s stock worth $12,163,000 after purchasing an additional 770 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of H&E Equipment Services in the first quarter worth $62,000. 84.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HEES has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price target on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. KeyCorp initiated coverage on H&E Equipment Services in a research note on Friday, August 9th. They issued a “sector weight” rating for the company. UBS Group decreased their target price 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. Raymond James initiated coverage on H&E Equipment Services in a research note on Friday, June 28th. They set a “market perform” rating for the company. Finally, StockNews.com cut H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.67.

H&E Equipment Services Trading Down 1.7 %

Shares of HEES stock opened at $47.88 on Wednesday. The stock has a 50-day simple moving average of $46.94 and a 200 day simple moving average of $51.73. H&E Equipment Services, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $66.18. The stock has a market capitalization of $1.75 billion, a P/E ratio of 10.25, a P/E/G ratio of 9.98 and a beta of 1.89. The company has a quick ratio of 0.62, a current ratio of 0.61 and a debt-to-equity ratio of 2.17.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.12). H&E Equipment Services had a net margin of 10.53% and a return on equity of 30.84%. The company had revenue of $376.30 million for the quarter, compared to analysts’ expectations of $382.05 million. During the same period in the prior year, the company earned $1.14 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that H&E Equipment Services, Inc. will post 3.73 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio is 23.55%.

H&E Equipment Services Company 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.