Summit Global Investments Has $1.09 Million Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Summit Global Investments increased its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 13.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,792 shares of the industrial products company’s stock after buying an additional 2,483 shares during the period. Summit Global Investments owned 0.06% of H&E Equipment Services worth $1,088,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Penn Mutual Asset Management LLC bought a new stake in shares of H&E Equipment Services in the third quarter valued at about $201,000. Americana Partners LLC bought a new stake in H&E Equipment Services in the 3rd quarter valued at about $202,000. DekaBank Deutsche Girozentrale acquired a new position in shares of H&E Equipment Services during the 3rd quarter worth approximately $228,000. Advisor Resource Council bought a new position in shares of H&E Equipment Services during the fourth quarter worth approximately $306,000. Finally, Strs Ohio raised its position in shares of H&E Equipment Services by 81.4% in the third quarter. Strs Ohio now owns 7,800 shares of the industrial products company’s stock valued at $336,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

Insider Activity

In other news, CEO Bradley W. Barber sold 15,385 shares of H&E Equipment Services stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $57.54, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Bradley W. Barber sold 15,385 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $57.54, for a total transaction of $885,252.90. Following the completion of the transaction, the chief executive officer now 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 available through this hyperlink. Also, CEO Bradley W. Barber sold 1,092 shares of H&E Equipment Services stock in a transaction on Monday, March 25th. The stock was sold at an average price of $63.42, for a total transaction of $69,254.64. Following the transaction, the chief executive officer now owns 209,078 shares in the company, valued at approximately $13,259,726.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,800 shares of company stock worth $4,534,789. Insiders own 12.50% of the company’s stock.

H&E Equipment Services Price Performance

Shares of HEES traded down $0.40 during midday trading on Friday, hitting $46.65. The company’s stock had a trading volume of 446,492 shares, compared to its average volume of 330,937. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 2.26. H&E Equipment Services, Inc. has a one year low of $32.33 and a one year high of $66.18. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 1.73 and a beta of 1.98. The company’s fifty day simple moving average is $59.01 and its two-hundred day simple moving average is $52.19.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The company had revenue of $371.20 million during the quarter, compared to the consensus estimate of $352.52 million. H&E Equipment Services had a return on equity of 34.33% and a net margin of 11.17%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. As a group, equities analysts expect that H&E Equipment Services, Inc. will post 4.08 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.10 annualized dividend and a dividend yield of 2.36%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 23.55%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HEES shares. StockNews.com downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus cut their price objective on shares of H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company increased their price objective on shares of H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd.

H&E Equipment Services 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.