Access Financial Services Inc. Acquires 3,555 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Access Financial Services Inc. lifted its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 20.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,976 shares of the industrial products company’s stock after purchasing an additional 3,555 shares during the quarter. Access Financial Services Inc.’s holdings in H&E Equipment Services were worth $1,027,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of H&E Equipment Services during the second quarter worth $37,000. Millburn Ridgefield Corp acquired a new stake in shares of H&E Equipment Services during the third quarter worth $84,000. L.M. Kohn & Company acquired a new stake in shares of H&E Equipment Services during the third quarter worth $217,000. Scientech Research LLC acquired a new stake in shares of H&E Equipment Services during the second quarter worth $203,000. Finally, Point72 Asset Management L.P. grew its holdings in H&E Equipment Services by 43.8% in the second quarter. Point72 Asset Management L.P. now owns 4,600 shares of the industrial products company’s stock worth $203,000 after purchasing an additional 1,400 shares during the period. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on HEES. UBS Group restated a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a report on Friday. B. Riley restated a “buy” rating and issued a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.25.

H&E Equipment Services Stock Down 0.7 %

HEES opened at $88.12 on Monday. 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 company’s 50-day moving average is $56.83 and its 200 day moving average is $51.71. H&E Equipment Services, Inc. has a fifty-two week low of $40.92 and a fifty-two week high of $90.66. The firm has a market capitalization of $3.23 billion, a P/E ratio of 22.37, a PEG ratio of 8.97 and a beta of 1.88.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share 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 firm had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. During the same period in the previous year, the business earned $1.46 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts expect that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.275 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.10 annualized dividend and a dividend yield of 1.25%. H&E Equipment Services’s payout ratio is 27.92%.

H&E Equipment Services Company 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.