Repertoire Partners LP Makes New Investment in H&E Equipment Services, Inc. (NASDAQ:HEES)

Repertoire Partners LP bought a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) during the third quarter, HoldingsChannel reports. The fund bought 13,909 shares of the industrial products company’s stock, valued at approximately $677,000. H&E Equipment Services makes up about 0.8% of Repertoire Partners LP’s portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HEES. American Century Companies Inc. lifted its holdings in shares of H&E Equipment Services by 104.6% during the second quarter. American Century Companies Inc. now owns 1,410,554 shares of the industrial products company’s stock worth $62,304,000 after purchasing an additional 721,270 shares during the period. Loews Corp acquired a new position in shares of H&E Equipment Services during the second quarter worth $5,742,000. Assenagon Asset Management S.A. lifted its holdings in shares of H&E Equipment Services by 186.0% during the third quarter. Assenagon Asset Management S.A. now owns 194,102 shares of the industrial products company’s stock worth $9,449,000 after purchasing an additional 126,244 shares during the period. Millennium Management LLC lifted its holdings in shares of H&E Equipment Services by 200.6% during the second quarter. Millennium Management LLC now owns 133,554 shares of the industrial products company’s stock worth $5,899,000 after purchasing an additional 89,128 shares during the period. Finally, Bridgewater Associates LP acquired a new position in shares of H&E Equipment Services during the third quarter worth $3,489,000. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Price Performance

HEES stock opened at $59.06 on Thursday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 13.33 and a beta of 1.84. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a 12-month low of $40.92 and a 12-month high of $66.18. The company’s fifty day simple moving average is $54.61 and its 200 day simple moving average is $49.31.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.15). The firm 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%. H&E Equipment Services’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 EPS. On average, analysts expect that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.86%. The ex-dividend date is Friday, November 29th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 27.92%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. KeyCorp assumed coverage on shares of H&E Equipment Services in a report on Friday, August 9th. They set a “sector weight” rating on the stock. B. Riley reiterated a “buy” rating and set a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Finally, UBS Group cut their price target on shares of 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.25.

H&E Equipment Services Company 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.