Charles Schwab Investment Management Inc. Sells 36,358 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Charles Schwab Investment Management Inc. trimmed its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 535,589 shares of the industrial products company’s stock after selling 36,358 shares during the period. Charles Schwab Investment Management Inc.’s holdings in H&E Equipment Services were worth $26,222,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HEES. Millburn Ridgefield Corp bought a new position in shares of H&E Equipment Services during the 3rd quarter valued at approximately $84,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of 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 acquiring an additional 1,910 shares during the period. L.M. Kohn & Company bought a new position in shares of H&E Equipment Services during the 3rd quarter valued at approximately $217,000. Wilmington Savings Fund Society FSB bought a new position in shares of H&E Equipment Services during the 3rd quarter valued at approximately $288,000. Finally, 272 Capital LP bought a new position in shares of H&E Equipment Services during the 3rd quarter valued at approximately $295,000. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Stock Down 0.1 %

HEES opened at $93.89 on Tuesday. The company has a 50 day moving average of $86.90 and a 200 day moving average of $64.39. The company has a market cap of $3.44 billion, a PE ratio of 23.83 and a beta of 1.94. H&E Equipment Services, Inc. has a 12 month low of $40.93 and a 12 month high of $101.28. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

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 (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business had revenue of $384.08 million for the quarter, compared to analysts’ expectations of $372.50 million. On average, sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.17%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is presently 32.64%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HEES. UBS Group reissued a “neutral” rating and set a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com began coverage on shares of H&E Equipment Services in a report on Thursday, March 13th. They issued a “hold” rating for the company. 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 company presently has a consensus rating of “Hold” and a consensus price target of $71.33.

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.