H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC boosted its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,980 shares of the industrial products company’s stock after acquiring an additional 2,259 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in H&E Equipment Services were worth $1,908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of H&E Equipment Services in the second quarter worth about $37,000. Meeder Asset Management Inc. purchased a new position in shares of H&E Equipment Services during the 2nd quarter valued at approximately $65,000. Millburn Ridgefield Corp acquired a new stake in shares of H&E Equipment Services during the third quarter worth approximately $84,000. Quest Partners LLC bought a new stake in shares of H&E Equipment Services in the second quarter worth $109,000. Finally, Scientech Research LLC acquired a new stake in H&E Equipment Services in the second quarter valued at $203,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley reissued a “buy” rating and set a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.25.

H&E Equipment Services Stock Performance

HEES traded down $0.73 during trading hours on Monday, hitting $48.12. 142,055 shares of the stock were exchanged, compared to its average volume of 222,031. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $66.18. The stock has a 50-day simple moving average of $55.12 and a 200-day simple moving average of $50.30. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 13.05 and a beta of 1.88.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 EPS 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 company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $1.46 earnings per share. Analysts anticipate that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, November 29th. H&E Equipment Services’s payout ratio is 27.92%.

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.