H&E Equipment Services, Inc. (NASDAQ:HEES) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 1,238.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 689,911 shares of the industrial products company’s stock after purchasing an additional 638,379 shares during the quarter. Victory Capital Management Inc.’s holdings in H&E Equipment Services were worth $33,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in H&E Equipment Services by 2.4% in the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company’s stock worth $601,000 after buying an additional 282 shares in the last quarter. Fisher Asset Management LLC boosted its stake in H&E Equipment Services by 77.1% during the 4th quarter. Fisher Asset Management LLC now owns 348,656 shares of the industrial products company’s stock valued at $17,070,000 after purchasing an additional 151,761 shares in the last quarter. Private Capital Management LLC bought a new position in H&E Equipment Services during the 3rd quarter valued at $1,285,000. Proficio Capital Partners LLC bought a new position in H&E Equipment Services during the 4th quarter valued at $1,522,000. Finally, Handelsbanken Fonder AB boosted its stake in H&E Equipment Services by 17.7% during the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 1,000 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com assumed coverage on H&E Equipment Services in a research note on Wednesday, March 5th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, H&E Equipment Services presently has an average rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Price Performance

Shares of NASDAQ:HEES opened at $94.15 on Monday. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28. The stock has a fifty day moving average of $81.52 and a 200-day moving average of $62.46. The company has a market capitalization of $3.45 billion, a PE ratio of 23.90 and a beta of 1.94. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS 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 during the quarter, compared to the consensus estimate of $372.50 million. As a group, equities analysts anticipate that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.17%. H&E Equipment Services’s dividend payout ratio (DPR) 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.