KG&L Capital Management LLC Sells 500 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

KG&L Capital Management LLC cut its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,626 shares of the industrial products company’s stock after selling 500 shares during the quarter. KG&L Capital Management LLC’s holdings in H&E Equipment Services were worth $520,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Access Financial Services Inc. grew 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 purchasing an additional 3,555 shares during the period. Geode Capital Management LLC boosted its position in shares of H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after purchasing an additional 4,226 shares in the last quarter. State Street Corp grew its stake in shares of H&E Equipment Services by 2.9% in the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after buying an additional 21,805 shares during the last quarter. Jade Capital Advisors LLC bought a new position in H&E Equipment Services during the 3rd quarter valued at approximately $1,217,000. Finally, The Manufacturers Life Insurance Company raised its stake in H&E Equipment Services by 3.5% during the second quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company’s stock valued at $810,000 after buying an additional 627 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. B. Riley reissued a “buy” rating and issued a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. StockNews.com initiated coverage on shares of H&E Equipment Services in a research report on Saturday. They set a “hold” rating on the stock. Finally, UBS Group reaffirmed a “neutral” rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.25.

H&E Equipment Services Price Performance

NASDAQ HEES opened at $88.69 on Friday. H&E Equipment Services, Inc. has a one year low of $40.92 and a one year high of $90.66. The stock has a 50-day moving average of $62.93 and a 200 day moving average of $54.64. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.51 and a beta of 1.88.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts forecast that H&E Equipment Services, Inc. will post 3.27 EPS for the current year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 1.24%. H&E Equipment Services’s dividend payout ratio is presently 27.92%.

About H&E Equipment Services

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.