Rhumbline Advisers Has $2.24 Million Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Rhumbline Advisers lifted its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 45,678 shares of the industrial products company’s stock after acquiring an additional 745 shares during the period. Rhumbline Advisers’ holdings in H&E Equipment Services were worth $2,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in shares of H&E Equipment Services by 7.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock worth $408,000 after buying an additional 555 shares in the last quarter. Diversified Trust Co increased its position in shares of H&E Equipment Services by 5.7% during the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 574 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in shares of H&E Equipment Services by 0.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock worth $4,896,000 after purchasing an additional 664 shares in the last quarter. Millburn Ridgefield Corp bought a new position in H&E Equipment Services during the 3rd quarter valued at about $84,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in H&E Equipment Services by 227.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,910 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Stock Performance

Shares of NASDAQ:HEES opened at $95.09 on Tuesday. The stock has a market capitalization of $3.48 billion, a P/E ratio of 24.13 and a beta of 1.93. 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, Inc. has a 1-year low of $40.92 and a 1-year high of $101.28. The business has a 50-day moving average price of $78.00 and a two-hundred day moving average price of $61.11.

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. The firm had revenue of $384.08 million during the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. Equities analysts predict that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

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 dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is currently 32.64%.

Analysts Set New Price Targets

HEES has been the topic of a number of recent analyst reports. UBS Group reissued a “neutral” rating and issued a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com began coverage on shares of H&E Equipment Services in a report on Tuesday, February 25th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average 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.