Fisher Asset Management LLC Has $17.07 Million Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Fisher Asset Management LLC increased its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 77.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 348,656 shares of the industrial products company’s stock after buying an additional 151,761 shares during the period. Fisher Asset Management LLC owned 0.95% of H&E Equipment Services worth $17,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millburn Ridgefield Corp acquired a new stake in shares of H&E Equipment Services in the third quarter valued at approximately $84,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of H&E Equipment Services by 227.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,910 shares in the last quarter. L.M. Kohn & Company acquired a new stake in shares of H&E Equipment Services in the third quarter valued at approximately $217,000. Creative Planning acquired a new position in H&E Equipment Services during the third quarter valued at approximately $254,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in H&E Equipment Services during the third quarter valued at approximately $288,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on HEES shares. UBS Group restated a “neutral” rating and set a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Tuesday, February 25th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, H&E Equipment Services has an average rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Stock Performance

NASDAQ HEES opened at $95.09 on Tuesday. The firm’s fifty day moving average price is $78.00 and its two-hundred day moving average price is $61.11. The stock has a market cap of $3.48 billion, a PE ratio of 24.13 and a beta of 1.93. H&E Equipment Services, Inc. has a fifty-two week low of $40.92 and a fifty-two week high of $101.28. 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 (NASDAQ:HEES) last posted its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.18. The firm had revenue of $384.08 million for the quarter, compared to analysts’ expectations 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 expect that H&E Equipment Services, Inc. will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.275 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.16%. H&E Equipment Services’s payout ratio is presently 32.64%.

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.