H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 34.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,183 shares of the industrial products company’s stock after acquiring an additional 14,240 shares during the period. Federated Hermes Inc. owned 0.15% of H&E Equipment Services worth $2,702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HEES. Access Financial Services Inc. raised its stake in H&E Equipment Services by 20.4% during the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock worth $1,027,000 after purchasing an additional 3,555 shares during the period. Geode Capital Management LLC lifted its holdings in 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 during the last quarter. State Street Corp lifted its holdings in H&E Equipment Services by 2.9% in the third quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after acquiring an additional 21,805 shares during the last quarter. Handelsbanken Fonder AB grew its position in H&E Equipment Services by 17.7% in the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 1,000 shares during the period. Finally, Barclays PLC increased 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 acquiring an additional 39,617 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

H&E Equipment Services Price Performance

HEES opened at $90.93 on Monday. The stock’s 50-day moving average price is $93.50 and its 200 day moving average price is $71.37. H&E Equipment Services, Inc. has a 12-month low of $40.93 and a 12-month high of $101.28. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 23.08 and a beta of 1.74. 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 issued its quarterly 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. The business had revenue of $384.08 million for the quarter, compared to analysts’ expectations of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. As a group, sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a $0.275 dividend. 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 is presently 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.