Intrinsic Edge Capital Management LLC purchased a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 173,844 shares of the industrial products company’s stock, valued at approximately $3,548,000. Intrinsic Edge Capital Management LLC owned approximately 0.49% of H&E Equipment Services at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Legal & General Group Plc increased 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 acquiring an additional 317 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position 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 buying an additional 5,871 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of H&E Equipment Services during the first quarter valued at $230,000. Wrapmanager Inc. boosted its position in shares of H&E Equipment Services by 3.9% during the second quarter. Wrapmanager Inc. now owns 10,306 shares of the industrial products company’s stock valued at $210,000 after buying an additional 391 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of H&E Equipment Services during the first quarter valued at $297,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

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Shares of H&E Equipment Services, Inc. (HEES) traded up 0.084% during midday trading on Thursday, hitting $29.825. The company’s stock had a trading volume of 31,287 shares. The firm has a 50-day moving average of $25.10 and a 200 day moving average of $22.42. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 26.894 and a beta of 2.65. H&E Equipment Services, Inc. has a 12-month low of $12.72 and a 12-month high of $30.21.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.07. H&E Equipment Services had a return on equity of 27.93% and a net margin of 4.08%. The business had revenue of $249.40 million during the quarter, compared to analysts’ expectations of $237.81 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts predict that H&E Equipment Services, Inc. will post $1.19 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, September 1st were issued a $0.275 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.10 dividend on an annualized basis and a yield of 3.69%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 99.10%.

Several brokerages have issued reports on HEES. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 target price on shares of H&E Equipment Services in a research report on Wednesday, July 12th. UBS AG reaffirmed a “sell” rating and set a $16.00 price objective (up from $15.00) on shares of H&E Equipment Services in a research report on Monday, July 31st. Zacks Investment Research cut H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America Corporation assumed coverage on H&E Equipment Services in a research note on Tuesday, September 26th. They set a “buy” rating and a $33.00 target price on the stock. Finally, BidaskClub raised H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $26.25.

About H&E Equipment Services

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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