Algert Global LLC acquired a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 109,460 shares of the industrial products company’s stock, valued at approximately $3,196,000. H&E Equipment Services accounts for 0.7% of Algert Global LLC’s investment portfolio, making the stock its 15th largest holding. Algert Global LLC owned approximately 0.31% of H&E Equipment Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in HEES. Public Employees Retirement System of Ohio raised its holdings in shares of H&E Equipment Services by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 5,014 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 461 shares during the period. Legal & General Group Plc raised its holdings in shares of H&E Equipment Services by 4.3% during the second quarter. Legal & General Group Plc now owns 7,752 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 317 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of H&E Equipment Services by 304.2% during the second quarter. BNP Paribas Arbitrage SA now owns 7,801 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 5,871 shares during the period. SG Americas Securities LLC acquired a new position in shares of H&E Equipment Services during the third quarter valued at about $159,000. Finally, Great West Life Assurance Co. Can raised its holdings in shares of H&E Equipment Services by 223.0% during the third quarter. Great West Life Assurance Co. Can now owns 5,898 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 4,072 shares during the period. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Shares of H&E Equipment Services, Inc. (HEES) opened at $38.51 on Thursday. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.06 and a quick ratio of 0.71. H&E Equipment Services, Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $38.66. The firm has a market cap of $1,343.93, a PE ratio of 24.48, a P/E/G ratio of 1.51 and a beta of 2.91.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.32. H&E Equipment Services had a net margin of 3.69% and a return on equity of 38.83%. The company had revenue of $259.16 million for the quarter, compared to analyst estimates of $252.94 million. During the same quarter in the prior year, the business posted $0.33 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. analysts expect that H&E Equipment Services, Inc. will post 1.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 20th were issued a $0.275 dividend. The ex-dividend date was Friday, November 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.86%. H&E Equipment Services’s dividend payout ratio is presently 107.84%.

Several equities analysts have recently weighed in on the stock. Buckingham Research assumed coverage on shares of H&E Equipment Services in a report on Tuesday, November 21st. They set a “buy” rating and a $39.00 price objective on the stock. Zacks Investment Research upgraded shares of H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a report on Tuesday, October 31st. UBS upped their price objective on shares of H&E Equipment Services from $16.00 to $17.00 and gave the company a “sell” rating in a report on Friday, October 27th. ValuEngine lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Bank of America initiated coverage on shares of H&E Equipment Services in a report on Tuesday, September 26th. They issued a “buy” rating and a $33.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.40.

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H&E Equipment Services Profile

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

Institutional Ownership by Quarter for H&E Equipment Services (NASDAQ:HEES)

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