JPMorgan Chase & Co. Buys 46,105 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

JPMorgan Chase & Co. boosted its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 164.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,184 shares of the industrial products company’s stock after purchasing an additional 46,105 shares during the quarter. JPMorgan Chase & Co.’s holdings in H&E Equipment Services were worth $3,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of H&E Equipment Services by 17.2% during the 4th quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock worth $104,493,000 after buying an additional 313,880 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of H&E Equipment Services by 0.6% in the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock valued at $36,762,000 after acquiring an additional 4,226 shares in the last quarter. Victory Capital Management Inc. lifted 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 worth $33,778,000 after acquiring an additional 638,379 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in H&E Equipment Services during the 4th quarter worth about $28,780,000. Finally, abrdn plc increased its position in H&E Equipment Services by 4.0% during the 4th quarter. abrdn plc now owns 352,615 shares of the industrial products company’s stock valued at $17,264,000 after purchasing an additional 13,677 shares during the period. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Up 0.0 %

NASDAQ:HEES opened at $90.73 on Monday. The company’s 50-day simple moving average is $93.86 and its 200-day simple moving average is $72.84. 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, Inc. has a fifty-two week low of $40.93 and a fifty-two week high of $101.28. The stock has a market capitalization of $3.33 billion, a P/E ratio of 23.03 and a beta of 1.74.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.18. The company had revenue of $384.08 million during 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, equities analysts anticipate that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a yield of 1.21%. H&E Equipment Services’s dividend payout ratio (DPR) is 32.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HEES shares. StockNews.com initiated coverage on shares of H&E Equipment Services in a research report on Monday, April 14th. They issued a “hold” rating for the company. UBS Group restated a “neutral” rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, H&E Equipment Services has a consensus rating of “Hold” and an average price target of $71.33.

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.