1 week Ago By Defense World Staff
Norges Bank bought a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 104,391 shares of the industrial products company’s stock, valued at approximately $5,111,000.
Norges Bank owned approximately 0.29% of H&E Equipment Services as of its most recent filing with the SEC. A number of other large investors have also recently modified their holdings of HEES.
Victory Capital Management Inc. boosted its stake in H&E Equipment Services by 1,238.8% in the fourth quarter.
Victory Capital Management Inc. now owns 689,911 shares of the industrial products company’s stock valued at $33,778,000 after buying an additional 638,379 shares in the last quarter. Vaughan Nelson Investment Management L.
P. acquired a new position in H&E Equipment Services in the 4th quarter worth about $28,780,000. American Century Companies Inc.
raised its position in H&E Equipment Services by 17.2% in the fourth quarter. American Century Companies Inc.
now owns 2,134,252 shares of the industrial products company’s stock valued at $104,493,000 after purchasing an additional 313,880 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of H&E Equipment Services by 77.1% during the fourth quarter.
Fisher Asset Management LLC now owns 348,656 shares of the industrial products company’s stock valued at $17,070,000 after purchasing an additional 151,761 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in shares of H&E Equipment Services during the fourth quarter worth about $5,853,000.
Institutional investors and hedge funds own 84.08% of the company’s stock. H&E Equipment Services Price PerformanceHEES stock opened at $93.
64 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.
64 and a debt-to-equity ratio of 2.09. The firm has a market cap of $3.
43 billion, a price-to-earnings ratio of 23.77 and a beta of 1.74.
The company’s fifty day simple moving average is $93.36 and its 200 day simple moving average is $70.59.
H&E Equipment Services, Inc. has a 12-month low of $40.93 and a 12-month high of $101.
28. H&E Equipment Services (NASDAQ:HEES – Get Free Report) last released its earnings results on Friday, February 21st. The industrial products company reported $0.
99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18.
The company had revenue of $384.08 million for 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, analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.
H&E Equipment Services Dividend AnnouncementThe company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.275 per share.
This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.17%.
The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s payout ratio is 32.64%.
Analyst Upgrades and DowngradesSeveral equities research analysts recently commented on the stock. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Sunday.
They set a “hold” rating on the stock. UBS Group reaffirmed a “neutral” rating and set a $92.00 price target (up previously from $60.
00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.
com, H&E Equipment Services presently has a consensus rating of “Hold” and a consensus target price of $71.33.Check Out Our Latest Research Report on H&E Equipment ServicesH&E Equipment Services Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than H&E Equipment ServicesInvesting In Automotive StocksQuantum Computing: The $6.
5 Billion Opportunity You Can’t IgnoreWhat is a Special Dividend?Are Tariffs Threatening Disney’s Comeback Story?Investing In Preferred Stock vs. Common StockIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding HEES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&E Equipment Services, Inc.
(NASDAQ:HEES – Free Report)..
