H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 7.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,332 shares of the industrial products company’s stock after selling 926 shares during the period. Hsbc Holdings PLC’s holdings in H&E Equipment Services were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in H&E Equipment Services in the 4th quarter valued at about $11,827,000. Assenagon Asset Management S.A. increased its position in H&E Equipment Services by 62.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 353,611 shares of the industrial products company’s stock worth $18,501,000 after purchasing an additional 136,504 shares during the last quarter. Shelton Capital Management raised its stake in H&E Equipment Services by 199.4% during the third quarter. Shelton Capital Management now owns 150,168 shares of the industrial products company’s stock worth $6,486,000 after purchasing an additional 100,008 shares during the period. Foundry Partners LLC acquired a new position in shares of H&E Equipment Services in the 4th quarter valued at $4,000,000. Finally, Invesco Ltd. boosted its holdings in shares of H&E Equipment Services by 5.8% in the 3rd quarter. Invesco Ltd. now owns 1,355,880 shares of the industrial products company’s stock valued at $58,560,000 after purchasing an additional 74,699 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

Insider Buying and Selling at H&E Equipment Services

In other news, CEO Bradley W. Barber sold 1,092 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $63.42, for a total transaction of $69,254.64. Following the transaction, the chief executive officer now directly owns 209,078 shares of the company’s stock, valued at $13,259,726.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Bradley W. Barber sold 15,385 shares of the business’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 transaction, the chief executive officer now owns 232,742 shares in the company, valued at $13,391,974.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Bradley W. Barber sold 1,092 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $63.42, for a total value of $69,254.64. Following the sale, the chief executive officer now owns 209,078 shares of the company’s stock, valued at approximately $13,259,726.76. The disclosure for this sale can be found here. Insiders sold 75,800 shares of company stock valued at $4,534,789 over the last 90 days. 12.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

H&E Equipment Services Trading Down 0.9 %

Shares of HEES stock traded down $0.40 during mid-day trading on Friday, reaching $46.65. The company’s stock had a trading volume of 446,492 shares, compared to its average volume of 330,937. The company’s 50 day simple moving average is $59.01 and its 200-day simple moving average is $52.23. 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 12-month low of $32.33 and a 12-month high of $66.18. The firm has a market capitalization of $1.70 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 1.73 and a beta of 1.98.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.02). H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. The company had revenue of $371.20 million during the quarter, compared to analysts’ expectations of $352.52 million. During the same period last year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, research analysts predict that H&E Equipment Services, Inc. will post 4.08 EPS 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. 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 yield of 2.36%. The ex-dividend date of this dividend was Thursday, February 22nd. H&E Equipment Services’s dividend payout ratio is presently 23.55%.

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.