EFG Asset Management North America Corp. Has $2.47 Million Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

EFG Asset Management North America Corp. raised its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 143.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,484 shares of the industrial products company’s stock after purchasing an additional 29,750 shares during the period. EFG Asset Management North America Corp.’s holdings in H&E Equipment Services were worth $2,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Access Financial Services Inc. increased its holdings in H&E Equipment Services by 20.4% in the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock worth $1,027,000 after buying an additional 3,555 shares during the last quarter. Geode Capital Management LLC grew its position in H&E Equipment Services by 0.6% in the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after acquiring an additional 4,226 shares in the last quarter. State Street Corp increased its stake in shares of H&E Equipment Services by 2.9% during the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after purchasing an additional 21,805 shares during the last quarter. Holocene Advisors LP bought a new position in shares of H&E Equipment Services during the 3rd quarter valued at $524,000. Finally, Barclays PLC lifted its stake in shares of H&E Equipment Services by 185.1% in the 3rd quarter. Barclays PLC now owns 61,018 shares of the industrial products company’s stock valued at $2,972,000 after purchasing an additional 39,617 shares during the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Price Performance

Shares of H&E Equipment Services stock opened at $95.99 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The firm has a fifty day simple moving average of $91.98 and a 200-day simple moving average of $66.48. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 24.36 and a beta of 1.94. H&E Equipment Services, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.18. The firm had revenue of $384.08 million during the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. On average, sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a yield of 1.15%. H&E Equipment Services’s payout ratio is 32.64%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group reissued a “neutral” rating and set a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com initiated coverage on H&E Equipment Services in a research note on Friday, March 21st. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.33.

H&E Equipment Services Profile

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.