Proficio Capital Partners LLC Invests $1.52 Million in H&E Equipment Services, Inc. (NASDAQ:HEES)

Proficio Capital Partners LLC acquired a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in the 4th quarter, HoldingsChannel reports. The fund acquired 31,090 shares of the industrial products company’s stock, valued at approximately $1,522,000.

Several other large investors also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in H&E Equipment Services by 1,238.8% during the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company’s stock valued at $33,778,000 after acquiring an additional 638,379 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in H&E Equipment Services by 2.4% during the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company’s stock valued at $601,000 after acquiring an additional 282 shares in the last quarter. Fisher Asset Management LLC lifted its stake in H&E Equipment Services by 77.1% during the 4th quarter. Fisher Asset Management LLC now owns 348,656 shares of the industrial products company’s stock valued at $17,070,000 after acquiring an additional 151,761 shares in the last quarter. Private Capital Management LLC bought a new position in H&E Equipment Services during the 3rd quarter valued at $1,285,000. Finally, Handelsbanken Fonder AB lifted its stake in H&E Equipment Services by 17.7% during the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

Analyst Upgrades and Downgrades

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

H&E Equipment Services Trading Up 0.5 %

NASDAQ HEES opened at $95.08 on Friday. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 24.13 and a beta of 1.94. H&E Equipment Services, Inc. has a one year low of $40.93 and a one year high of $101.28. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The business’s fifty day moving average is $89.80 and its 200-day moving average is $65.13.

H&E Equipment Services (NASDAQ:HEES) last released its 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. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.08 million for the quarter, compared to analysts’ expectations of $372.50 million. Equities research analysts predict that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 32.64%.

H&E Equipment Services Company 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.