Strs Ohio Sells 12,800 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Strs Ohio cut its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES – Get Rating) by 92.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,100 shares of the industrial products company’s stock after selling 12,800 shares during the period. Strs Ohio’s holdings in H&E Equipment Services were worth $31,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Total Clarity Wealth Management Inc. bought a new stake in H&E Equipment Services during the second quarter valued at approximately $35,000. Point72 Hong Kong Ltd bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth approximately $48,000. Eagle Bay Advisors LLC bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth approximately $51,000. National Bank of Canada FI bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth approximately $94,000. Finally, SG Americas Securities LLC bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth approximately $102,000. 75.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HEES. StockNews.com began coverage on shares of H&E Equipment Services in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Wells Fargo & Company lifted their target price on shares of H&E Equipment Services from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 10th. B. Riley initiated coverage on shares of H&E Equipment Services in a research report on Tuesday, December 13th. They set a “buy” rating and a $53.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of H&E Equipment Services from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, December 19th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $55.00.

Insider Activity

In other news, Director Gary W. Bagley sold 6,958 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $40.11, for a total transaction of $279,085.38. Following the sale, the director now owns 78,559 shares in the company, valued at approximately $3,151,001.49. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 11.80% of the company’s stock.

H&E Equipment Services Stock Performance

Shares of HEES stock opened at $48.19 on Monday. H&E Equipment Services, Inc. has a 12 month low of $26.12 and a 12 month high of $49.24. The stock has a market cap of $1.75 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.40 and a beta of 2.03. The company has a current ratio of 2.45, a quick ratio of 1.94 and a debt-to-equity ratio of 3.47. The company’s fifty day moving average price is $44.49 and its 200-day moving average price is $36.59.

H&E Equipment Services (NASDAQ:HEES – Get Rating) last announced its earnings results on Thursday, October 27th. The industrial products company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.19. H&E Equipment Services had a net margin of 11.44% and a return on equity of 32.06%. The firm had revenue of $324.28 million for the quarter, compared to analysts’ expectations of $302.40 million. On average, equities analysts expect that H&E Equipment Services, Inc. will post 3.26 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Monday, November 28th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, November 25th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 29.97%.

About H&E Equipment Services

(Get Rating)

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, Used Equipment Sales, New Equipment Sales, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis through a fleet of approximately 42,725 pieces of equipment.