H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,304 shares of the industrial products company’s stock after selling 6,231 shares during the period. Stifel Financial Corp owned 0.22% of H&E Equipment Services worth $4,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in H&E Equipment Services during the 2nd quarter worth approximately $37,000. CWM LLC boosted its holdings in shares of H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 278 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of H&E Equipment Services during the second quarter worth approximately $65,000. Millburn Ridgefield Corp purchased a new position in shares of H&E Equipment Services during the third quarter worth approximately $84,000. Finally, Quest Partners LLC acquired a new position in shares of H&E Equipment Services in the 2nd quarter valued at $109,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Price Performance

H&E Equipment Services stock opened at $55.89 on Monday. 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 has a 50 day simple moving average of $55.88 and a 200-day simple moving average of $49.80. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $66.18. The stock has a market capitalization of $2.05 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 13.24 and a beta of 1.84.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 EPS 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 firm had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 million. During the same quarter in the previous year, the company posted $1.46 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts predict that H&E Equipment Services, Inc. will post 3.27 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 Friday, December 13th. Investors of record on Friday, November 29th were given a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 1.97%. H&E Equipment Services’s payout ratio is currently 27.92%.

Analysts Set New Price Targets

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

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.