Putnam Investments LLC grew its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 15.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,704 shares of the industrial products company’s stock after purchasing an additional 7,228 shares during the period. Putnam Investments LLC’s holdings in H&E Equipment Services were worth $2,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HEES. Wells Fargo & Company MN raised its holdings in H&E Equipment Services by 71.3% in the first quarter. Wells Fargo & Company MN now owns 174,102 shares of the industrial products company’s stock worth $6,702,000 after purchasing an additional 72,454 shares during the period. Swiss National Bank raised its holdings in H&E Equipment Services by 4.1% in the first quarter. Swiss National Bank now owns 55,800 shares of the industrial products company’s stock worth $2,148,000 after purchasing an additional 2,200 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in H&E Equipment Services by 1.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 299,632 shares of the industrial products company’s stock worth $11,533,000 after purchasing an additional 3,112 shares during the period. Federated Investors Inc. PA raised its holdings in H&E Equipment Services by 72.9% in the first quarter. Federated Investors Inc. PA now owns 68,974 shares of the industrial products company’s stock worth $2,655,000 after purchasing an additional 29,076 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in H&E Equipment Services by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 879,683 shares of the industrial products company’s stock worth $33,859,000 after purchasing an additional 39,010 shares during the period. Institutional investors own 75.91% of the company’s stock.

In related news, CEO John Engquist sold 2,100 shares of the firm’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $40.05, for a total transaction of $84,105.00. Following the sale, the chief executive officer now directly owns 2,512,191 shares in the company, valued at $100,613,249.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.70% of the company’s stock.

Shares of NASDAQ:HEES opened at $37.12 on Thursday. H&E Equipment Services, Inc. has a 12 month low of $27.46 and a 12 month high of $44.24. The company has a current ratio of 0.92, a quick ratio of 0.50 and a debt-to-equity ratio of 4.12. The firm has a market cap of $1.31 billion, a P/E ratio of 15.51, a P/E/G ratio of 0.95 and a beta of 2.52.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.14. H&E Equipment Services had a net margin of 11.08% and a return on equity of 42.25%. The business had revenue of $310.40 million for the quarter, compared to analyst estimates of $282.25 million. During the same period last year, the business posted $0.28 earnings per share. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. research analysts predict that H&E Equipment Services, Inc. will post 2.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Tuesday, August 21st were issued a dividend of $0.275 per share. The ex-dividend date was Monday, August 20th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.96%. H&E Equipment Services’s payout ratio is 31.61%.

HEES has been the topic of several analyst reports. BidaskClub lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. UBS Group upgraded shares of H&E Equipment Services from a “sell” rating to a “neutral” rating and set a $18.00 target price on the stock in a report on Wednesday, June 27th. ValuEngine lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Zacks Investment Research upgraded shares of H&E Equipment Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Bank of America dropped their price objective on shares of H&E Equipment Services from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $38.40.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company. The company rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.

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

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