First Eagle Investment Management LLC Grows Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

First Eagle Investment Management LLC raised its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 32.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 269,493 shares of the industrial products company’s stock after purchasing an additional 66,400 shares during the period. First Eagle Investment Management LLC owned approximately 0.74% of H&E Equipment Services worth $13,194,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Millburn Ridgefield Corp purchased a new stake in H&E Equipment Services during the third quarter valued at about $84,000. Point72 Asia Singapore Pte. Ltd. raised its position in H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,910 shares in the last quarter. L.M. Kohn & Company purchased a new position in shares of H&E Equipment Services in the third quarter worth about $217,000. Wilmington Savings Fund Society FSB purchased a new position in shares of H&E Equipment Services in the third quarter worth about $288,000. Finally, 272 Capital LP purchased a new position in shares of H&E Equipment Services in the third quarter worth about $295,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Up 1.1 %

Shares of NASDAQ:HEES opened at $94.01 on Friday. H&E Equipment Services, Inc. has a 1 year low of $40.93 and a 1 year high of $101.28. The company has a market cap of $3.44 billion, a PE ratio of 23.86 and a beta of 1.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The stock’s 50-day moving average is $85.98 and its 200 day moving average is $63.84.

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

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.17%. H&E Equipment Services’s dividend payout ratio is presently 32.64%.

Analyst Upgrades and Downgrades

HEES has been the topic of several analyst reports. StockNews.com initiated coverage on H&E Equipment Services in a report on Thursday. They issued a “hold” rating on the stock. UBS Group reiterated a “neutral” rating and issued a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, H&E Equipment Services has a consensus rating of “Hold” and a consensus target price of $71.33.

H&E Equipment Services Company 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.