Advisors Asset Management Inc. Has $3.15 Million Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Advisors Asset Management Inc. raised its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,608 shares of the industrial products company’s stock after purchasing an additional 3,832 shares during the period. Advisors Asset Management Inc. owned 0.18% of H&E Equipment Services worth $3,145,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HEES. Sei Investments Co. bought a new position in H&E Equipment Services in the 1st quarter valued at about $1,233,000. State Board of Administration of Florida Retirement System increased its stake in shares of H&E Equipment Services by 56.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 14,376 shares of the industrial products company’s stock worth $923,000 after purchasing an additional 5,190 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in H&E Equipment Services during the 1st quarter worth approximately $261,000. CANADA LIFE ASSURANCE Co boosted its stake in 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 during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in H&E Equipment Services by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,434 shares of the industrial products company’s stock valued at $1,312,000 after buying an additional 1,159 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Stock Up 3.7 %

NASDAQ HEES opened at $58.76 on Friday. H&E Equipment Services, Inc. has a fifty-two week low of $40.92 and a fifty-two week high of $66.18. The business has a fifty day moving average price of $52.64 and a two-hundred day moving average price of $48.71. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The stock has a market capitalization of $2.15 billion, a PE ratio of 14.91, a PEG ratio of 12.94 and a beta of 1.82.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.15). The business had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. Equities analysts expect that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, November 29th. H&E Equipment Services’s dividend payout ratio is 27.92%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HEES. Stifel Nicolaus reduced their target price 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. KeyCorp initiated coverage on shares of H&E Equipment Services in a report on Friday, August 9th. They issued a “sector weight” rating for the company. B. Riley reaffirmed a “buy” rating and set a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Finally, UBS Group lowered their price objective on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock 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. According to data from MarketBeat, H&E Equipment Services has a consensus rating of “Moderate Buy” and an average price target 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.