Fisher Asset Management LLC Acquires 151,761 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Fisher Asset Management LLC increased its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 77.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 348,656 shares of the industrial products company’s stock after purchasing an additional 151,761 shares during the quarter. Fisher Asset Management LLC’s holdings in H&E Equipment Services were worth $17,070,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Access Financial Services Inc. grew its stake in shares of H&E Equipment Services by 20.4% in 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 last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $36,762,000 after purchasing an additional 4,226 shares during the last quarter. KG&L Capital Management LLC bought a new stake in shares of H&E Equipment Services in the third quarter worth $542,000. State Street Corp grew its stake in shares of 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 worth $37,925,000 after purchasing an additional 21,805 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of H&E Equipment Services in the third quarter worth $524,000. Institutional investors own 84.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HEES shares. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Tuesday, February 25th. They set a “hold” rating on the stock. UBS Group reaffirmed a “neutral” rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, H&E Equipment Services has a consensus rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Stock Performance

Shares of HEES opened at $95.09 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $3.48 billion, a P/E ratio of 24.13 and a beta of 1.93. The firm’s fifty day simple moving average is $78.00 and its two-hundred day simple moving average is $61.11. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 earnings per share 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 firm had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. As a group, analysts predict that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.16%. H&E Equipment Services’s dividend payout ratio is currently 32.64%.

H&E Equipment Services 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.