H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 1,238.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 689,911 shares of the industrial products company’s stock after acquiring an additional 638,379 shares during the quarter. Victory Capital Management Inc. owned approximately 1.89% of H&E Equipment Services worth $33,778,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. State Street Corp lifted 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 acquiring an additional 21,805 shares in the last quarter. Geode Capital Management LLC raised its stake in H&E Equipment Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock valued at $36,762,000 after buying an additional 4,226 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in H&E Equipment Services during the fourth quarter valued at approximately $28,780,000. Charles Schwab Investment Management Inc. raised its stake in H&E Equipment Services by 7.9% during 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 in the last quarter. Finally, abrdn plc raised its stake in H&E Equipment Services by 4.0% during the fourth quarter. abrdn plc now owns 352,615 shares of the industrial products company’s stock valued at $17,264,000 after buying an additional 13,677 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com assumed coverage on H&E Equipment Services in a research note on Wednesday, March 5th. They set a “hold” rating on the stock. UBS Group restated a “neutral” rating and set a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Stock Up 0.3 %

NASDAQ:HEES opened at $94.15 on Monday. The firm has a market capitalization of $3.45 billion, a PE ratio of 23.90 and a beta of 1.94. The stock has a 50 day moving average of $81.52 and a 200-day moving average of $62.46. H&E Equipment Services, Inc. has a 52 week low of $40.93 and a 52 week high of $101.28. 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 (NASDAQ:HEES) last posted its earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.81 by $0.18. The company had revenue of $384.08 million during the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. Analysts predict that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The business also recently announced 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. This represents a $1.10 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 32.64%.

H&E Equipment Services Company 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.