Sei Investments Co. Buys New Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Sei Investments Co. purchased a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 119,542 shares of the industrial products company’s stock, valued at approximately $5,853,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Millburn Ridgefield Corp acquired a new position in shares of H&E Equipment Services during the third quarter worth approximately $84,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after buying an additional 1,910 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in H&E Equipment Services during the third quarter worth $288,000. Commonwealth Equity Services LLC lifted its stake in shares of H&E Equipment Services by 15.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock valued at $299,000 after buying an additional 799 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of H&E Equipment Services by 17.7% during the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock valued at $325,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Up 0.5 %

Shares of NASDAQ HEES opened at $95.24 on Wednesday. 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 12 month low of $40.93 and a 12 month high of $101.28. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 24.17 and a beta of 1.94. The business has a 50-day moving average of $92.64 and a 200-day moving average of $68.33.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business had revenue of $384.08 million during the quarter, compared to analyst estimates of $372.50 million. Sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services’s payout ratio is currently 32.64%.

Analyst Ratings Changes

Several brokerages have recently commented on HEES. UBS Group reissued a “neutral” rating and issued a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com began coverage on H&E Equipment Services in a research report on Saturday. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently 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.