Semanteon Capital Management LP Purchases 14,710 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Semanteon Capital Management LP lifted its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 230.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,103 shares of the industrial products company’s stock after acquiring an additional 14,710 shares during the quarter. Semanteon Capital Management LP owned approximately 0.06% of H&E Equipment Services worth $1,027,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HEES. Point72 Asia Singapore Pte. Ltd. acquired a new stake in H&E Equipment Services during the 2nd quarter worth $37,000. CWM LLC grew its stake in shares of H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 278 shares during the period. Fidelis Capital Partners LLC bought a new stake in H&E Equipment Services in the first quarter valued at about $62,000. Meeder Asset Management Inc. acquired a new position in H&E Equipment Services in the second quarter valued at about $65,000. Finally, Quest Partners LLC bought a new position in H&E Equipment Services during the second quarter worth about $109,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Stock Up 1.2 %

Shares of HEES stock traded up $0.69 on Monday, hitting $56.15. 26,659 shares of the stock were exchanged, compared to its average volume of 268,822. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $2.05 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 11.71 and a beta of 1.84. H&E Equipment Services, Inc. has a fifty-two week low of $39.79 and a fifty-two week high of $66.18. The business has a 50-day moving average of $48.39 and a 200 day moving average of $48.67.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.12). H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The business had revenue of $376.30 million for the quarter, compared to the consensus estimate of $382.05 million. During the same period in the prior year, the business earned $1.14 earnings per share. H&E Equipment Services’s revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that H&E Equipment Services, Inc. will post 3.52 EPS for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.10 annualized dividend and a yield of 1.96%. H&E Equipment Services’s payout ratio is currently 23.55%.

Analyst Ratings Changes

Several research analysts recently weighed in on HEES shares. Stifel Nicolaus reduced their price objective on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. KeyCorp started coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They issued a “sector weight” rating for the company. Finally, UBS Group reduced their target price on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. 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, H&E Equipment Services has an average rating of “Moderate Buy” and an average price target of $61.67.

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.