Oliver Luxxe Assets LLC Raises Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Oliver Luxxe Assets LLC increased its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,980 shares of the industrial products company’s stock after purchasing an additional 2,259 shares during the period. Oliver Luxxe Assets LLC owned 0.11% of H&E Equipment Services worth $1,908,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. 272 Capital LP purchased a new stake in H&E Equipment Services in the 3rd quarter valued at about $974,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of H&E Equipment Services in the third quarter worth approximately $288,000. TT International Asset Management LTD grew its holdings in H&E Equipment Services by 715.2% in the third quarter. TT International Asset Management LTD now owns 54,783 shares of the industrial products company’s stock valued at $2,666,000 after purchasing an additional 48,063 shares during the period. Geode Capital Management LLC increased its position in H&E Equipment Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after purchasing an additional 4,226 shares during the last quarter. Finally, Barclays PLC raised its stake in H&E Equipment Services by 185.1% during the third quarter. Barclays PLC now owns 61,018 shares of the industrial products company’s stock worth $2,972,000 after purchasing an additional 39,617 shares during the period. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, B. Riley reissued a “buy” rating and set a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.25.

H&E Equipment Services Trading Down 1.5 %

HEES traded down $0.73 during trading on Monday, hitting $48.12. 142,055 shares of the company’s stock were exchanged, compared to its average volume of 222,031. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $66.18. The stock has a 50 day moving average price of $55.12 and a 200 day moving average price of $50.30. The firm has a market cap of $1.76 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 13.05 and a beta of 1.88. 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 announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 million. During the same period last year, the company posted $1.46 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, analysts expect that H&E Equipment Services, Inc. will post 3.27 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.275 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.29%. H&E Equipment Services’s dividend payout ratio (DPR) is currently 27.92%.

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.