Point72 Asset Management L.P. Has $195,000 Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Point72 Asset Management L.P. lowered its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 13.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,000 shares of the industrial products company’s stock after selling 600 shares during the period. Point72 Asset Management L.P.’s holdings in H&E Equipment Services were worth $195,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in H&E Equipment Services by 688.1% in the second quarter. SG Americas Securities LLC now owns 20,862 shares of the industrial products company’s stock valued at $921,000 after buying an additional 18,215 shares during the period. KG&L Capital Management LLC acquired a new position in shares of H&E Equipment Services in the 3rd quarter valued at about $542,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of H&E Equipment Services during the 2nd quarter valued at about $545,000. Jade Capital Advisors LLC acquired a new stake in H&E Equipment Services during the third quarter worth approximately $1,217,000. Finally, The Manufacturers Life Insurance Company increased its holdings in H&E Equipment Services by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company’s stock worth $810,000 after purchasing an additional 627 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley restated a “buy” rating and set a $60.00 price target (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.com, H&E Equipment Services currently has an average rating of “Moderate Buy” and an average price target of $61.25.

H&E Equipment Services Stock Performance

Shares of HEES opened at $55.89 on Friday. H&E Equipment Services, Inc. has a one year low of $40.92 and a one year high of $66.18. The company has a market cap of $2.05 billion, a PE ratio of 14.19, a P/E/G ratio of 13.24 and a beta of 1.84. The stock has a 50-day moving average of $55.77 and a 200-day moving average of $49.71. 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 (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. During the same period last year, the business posted $1.46 EPS. The company’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts predict that H&E Equipment Services, Inc. will post 3.27 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 annualized dividend and a yield of 1.97%. H&E Equipment Services’s payout ratio is 27.92%.

About H&E Equipment Services

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.