BNP Paribas Financial Markets Buys 2,238 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

BNP Paribas Financial Markets lifted its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 5.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 44,175 shares of the industrial products company’s stock after purchasing an additional 2,238 shares during the quarter. BNP Paribas Financial Markets’ holdings in H&E Equipment Services were worth $2,150,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. American Century Companies Inc. boosted its stake in shares of H&E Equipment Services by 104.6% in the second quarter. American Century Companies Inc. now owns 1,410,554 shares of the industrial products company’s stock valued at $62,304,000 after buying an additional 721,270 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of H&E Equipment Services by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company’s stock valued at $27,842,000 after buying an additional 41,749 shares during the period. abrdn plc boosted its stake in shares of H&E Equipment Services by 5.2% in the third quarter. abrdn plc now owns 338,938 shares of the industrial products company’s stock valued at $16,500,000 after buying an additional 16,681 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of H&E Equipment Services by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 275,363 shares of the industrial products company’s stock valued at $12,163,000 after buying an additional 770 shares during the period. Finally, Panagora Asset Management Inc. raised its position in H&E Equipment Services by 8.9% during the second quarter. Panagora Asset Management Inc. now owns 199,074 shares of the industrial products company’s stock valued at $8,793,000 after purchasing an additional 16,342 shares in the last quarter. 84.08% of the stock is currently owned by institutional investors.

H&E Equipment Services Stock Up 0.7 %

Shares of NASDAQ:HEES opened at $59.99 on Friday. The company has a fifty day moving average of $55.09 and a 200-day moving average of $49.46. The company has a market capitalization of $2.20 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 13.32 and a beta of 1.84. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. H&E Equipment Services, Inc. has a 52-week low of $40.92 and a 52-week high of $66.18.

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 (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.15). The company had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $1.46 earnings per share. On average, equities analysts predict that H&E Equipment Services, Inc. will post 3.34 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.10 annualized dividend and a dividend yield of 1.83%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 27.92%.

Analysts Set New Price Targets

Several research analysts have commented on HEES shares. UBS Group lowered their price objective on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. KeyCorp started coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating for the company. Finally, B. Riley restated a “buy” rating and set a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, H&E Equipment Services has a consensus rating of “Moderate Buy” and a consensus target price of $61.25.

About H&E Equipment Services

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.