Private Capital Management LLC Makes New Investment in H&E Equipment Services, Inc. (NASDAQ:HEES)

Private Capital Management LLC acquired a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,400 shares of the industrial products company’s stock, valued at approximately $1,285,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HEES. Nisa Investment Advisors LLC boosted its holdings in H&E Equipment Services by 7.1% in the third quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 555 shares during the last quarter. Diversified Trust Co raised its holdings in shares of H&E Equipment Services by 5.7% in the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 574 shares during the period. Segall Bryant & Hamill LLC lifted its stake in shares of H&E Equipment Services by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock valued at $4,896,000 after purchasing an additional 664 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of H&E Equipment Services by 1.7% during the 4th quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company’s stock worth $2,236,000 after purchasing an additional 745 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of 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 worth $325,000 after purchasing an additional 1,000 shares during the period. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Price Performance

HEES stock opened at $96.00 on Friday. The firm has a market cap of $3.51 billion, a P/E ratio of 24.37 and a beta of 1.93. 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, Inc. has a 1 year low of $40.92 and a 1 year high of $101.28. The stock has a 50-day simple moving average of $75.20 and a 200-day simple moving average of $59.93.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.18. The company had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. On average, equities analysts predict that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s payout ratio is 32.64%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HEES. UBS Group restated a “neutral” rating and issued a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com started coverage on shares of H&E Equipment Services in a research note on Tuesday. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.33.

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.