JPMorgan Chase & Co. boosted its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 4.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 700,746 shares of the industrial products company’s stock after purchasing an additional 32,916 shares during the period. JPMorgan Chase & Co. owned about 1.97% of H&E Equipment Services worth $20,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

HEES has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Buckingham Research initiated coverage on shares of H&E Equipment Services in a research report on Tuesday, November 21st. They issued a “buy” rating and a $39.00 price objective for the company. UBS upped their price objective on shares of H&E Equipment Services from $16.00 to $17.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Bank of America 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 price objective for the company. Finally, ValuEngine downgraded shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One 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 company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.40.

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) opened at $38.35 on Friday. The company has a market cap of $1,361.39, a PE ratio of 24.80, a PEG ratio of 1.53 and a beta of 2.91. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.71 and a current ratio of 1.06. H&E Equipment Services, Inc. has a one year low of $17.44 and a one year high of $38.85.

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

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 20th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.87%. H&E Equipment Services’s dividend payout ratio is currently 107.84%.

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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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