Foundry Partners LLC Makes New $4 Million Investment in H&E Equipment Services, Inc. (NASDAQ:HEES)

Foundry Partners LLC acquired a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 76,451 shares of the industrial products company’s stock, valued at approximately $4,000,000. Foundry Partners LLC owned about 0.21% of H&E Equipment Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI increased its stake in shares of H&E Equipment Services by 313.5% during the 3rd quarter. National Bank of Canada FI now owns 31,264 shares of the industrial products company’s stock worth $1,321,000 after purchasing an additional 23,704 shares during the last quarter. SG Americas Securities LLC bought a new stake in H&E Equipment Services in the third quarter valued at approximately $494,000. Summit Global Investments lifted its position in shares of H&E Equipment Services by 30.4% in the third quarter. Summit Global Investments now owns 18,309 shares of the industrial products company’s stock valued at $791,000 after buying an additional 4,268 shares during the last quarter. Redwood Investments LLC boosted its stake in shares of H&E Equipment Services by 21.9% during the 3rd quarter. Redwood Investments LLC now owns 280,891 shares of the industrial products company’s stock worth $12,132,000 after acquiring an additional 50,410 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of H&E Equipment Services by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 307,891 shares of the industrial products company’s stock worth $13,298,000 after acquiring an additional 5,840 shares during the last quarter. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Price Performance

HEES traded down $0.48 on Monday, hitting $57.81. 28,959 shares of the stock were exchanged, compared to its average volume of 208,444. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 0.81 and a beta of 1.95. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.05 and a quick ratio of 0.74. H&E Equipment Services, Inc. has a 12 month low of $32.33 and a 12 month high of $66.18. The business has a 50-day moving average of $59.22 and a two-hundred day moving average of $51.53.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.25. The company had revenue of $385.80 million during the quarter, compared to the consensus estimate of $382.58 million. H&E Equipment Services had a net margin of 11.52% and a return on equity of 36.72%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 EPS. Sell-side analysts forecast that H&E Equipment Services, Inc. will post 5.02 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Thursday, February 22nd. H&E Equipment Services’s dividend payout ratio is presently 23.55%.

Insider Activity

In related news, CEO Bradley W. Barber sold 15,385 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $57.54, for a total value of $885,252.90. Following the sale, the chief executive officer now directly owns 232,742 shares of the company’s stock, valued at $13,391,974.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Bradley W. Barber sold 1,900 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $60.41, for a total transaction of $114,779.00. Following the transaction, the chief executive officer now owns 244,753 shares of the company’s stock, valued at approximately $14,785,528.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley W. Barber sold 15,385 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $57.54, for a total value of $885,252.90. Following the completion of the sale, the chief executive officer now directly owns 232,742 shares of the company’s stock, valued at $13,391,974.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,800 shares of company stock worth $4,534,789. Insiders own 12.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their price target on H&E Equipment Services from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Stifel Nicolaus lifted their price objective on shares of H&E Equipment Services from $59.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, StockNews.com upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st.

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.