Brandywine Global Investment Management LLC Has $6.01 Million Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Brandywine Global Investment Management LLC reduced its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 122,745 shares of the industrial products company’s stock after selling 5,700 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in H&E Equipment Services were worth $6,010,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HEES. Intech Investment Management LLC bought a new position in H&E Equipment Services in the 3rd quarter worth approximately $343,000. Charles Schwab Investment Management Inc. increased its position in H&E Equipment Services by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company’s stock worth $27,842,000 after acquiring an additional 41,749 shares during the period. BNP Paribas Financial Markets increased its position in H&E Equipment Services by 5.3% during the third quarter. BNP Paribas Financial Markets now owns 44,175 shares of the industrial products company’s stock worth $2,150,000 after acquiring an additional 2,238 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in H&E Equipment Services by 227.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in H&E Equipment Services in the 3rd quarter valued at $524,000. 84.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

H&E Equipment Services Price Performance

NASDAQ:HEES opened at $95.24 on Wednesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The company has a 50-day moving average of $92.64 and a 200-day moving average of $68.33. H&E Equipment Services, Inc. has a 52 week low of $40.93 and a 52 week high of $101.28. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 24.17 and a beta of 1.94.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.18. The firm had revenue of $384.08 million during 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%. As a group, equities research analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a $0.275 dividend. 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 dividend payout ratio (DPR) is 32.64%.

About H&E Equipment Services

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.