Meeder Asset Management Inc. Grows Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Meeder Asset Management Inc. grew its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,453 shares of the industrial products company’s stock after acquiring an additional 220 shares during the period. Meeder Asset Management Inc.’s holdings in H&E Equipment Services were worth $71,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Millburn Ridgefield Corp bought a new position in H&E Equipment Services in the third quarter worth approximately $84,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of H&E Equipment Services by 227.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after buying an additional 1,910 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of H&E Equipment Services by 38.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after buying an additional 1,166 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of H&E Equipment Services during the third quarter valued at $288,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of H&E Equipment Services by 15.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 799 shares in the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES opened at $95.24 on Wednesday. The firm’s 50 day simple moving average is $92.64 and its 200-day simple moving average is $68.33. H&E Equipment Services, Inc. has a 12 month low of $40.93 and a 12 month high of $101.28. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 24.17 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.

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

H&E Equipment Services Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on HEES shares. UBS Group reissued a “neutral” rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com initiated coverage on shares of H&E Equipment Services in a report on Saturday. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.