Public Employees Retirement System of Ohio boosted its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 10.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,014 shares of the industrial products company’s stock after buying an additional 461 shares during the period. Public Employees Retirement System of Ohio’s holdings in H&E Equipment Services were worth $102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. grew its position in H&E Equipment Services by 25.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,539,181 shares of the industrial products company’s stock valued at $31,415,000 after buying an additional 307,979 shares in the last quarter. Bank of New York Mellon Corp grew its position in H&E Equipment Services by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 553,184 shares of the industrial products company’s stock valued at $11,289,000 after buying an additional 18,143 shares in the last quarter. Macquarie Group Ltd. grew its position in H&E Equipment Services by 12.4% in the 2nd quarter. Macquarie Group Ltd. now owns 2,391,042 shares of the industrial products company’s stock valued at $48,801,000 after buying an additional 263,383 shares in the last quarter. Rovida Advisors Inc. bought a new position in H&E Equipment Services in the 2nd quarter valued at about $8,129,000. Finally, Schwab Charles Investment Management Inc. grew its position in H&E Equipment Services by 5.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 285,594 shares of the industrial products company’s stock valued at $5,829,000 after buying an additional 15,795 shares in the last quarter. Hedge funds and other institutional investors own 71.83% of the company’s stock.

HEES has been the subject of a number of recent analyst reports. BidaskClub lowered shares of H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating on shares of H&E Equipment Services in a research report on Friday, July 28th. Bank of America Corporation initiated coverage on shares of H&E Equipment Services in a research report on Tuesday, September 26th. They issued a “buy” rating and a $33.00 target price for the company. ValuEngine upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $29.50.

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Shares of H&E Equipment Services, Inc. (HEES) opened at $34.76 on Tuesday. H&E Equipment Services, Inc. has a 1-year low of $17.02 and a 1-year high of $35.19. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.06 and a quick ratio of 0.71. The firm has a market cap of $1,233.42, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.39 and a beta of 2.88.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.76 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $252.94 million. During the same period in the prior year, the company earned $0.33 EPS. H&E Equipment Services’s revenue was up 5.9% on a year-over-year basis. equities research analysts anticipate that H&E Equipment Services, Inc. will post 1.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 20th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, November 17th. H&E Equipment Services’s payout ratio is 107.84%.

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.

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

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