UBS Group AG Buys 13,409 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

UBS Group AG raised its stake in H&E Equipment Services, Inc. (NASDAQ:HEES – Get Rating) by 17.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,343 shares of the industrial products company’s stock after acquiring an additional 13,409 shares during the quarter. UBS Group AG’s holdings in H&E Equipment Services were worth $2,504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Fisher Asset Management LLC acquired a new position in shares of H&E Equipment Services during the 3rd quarter worth approximately $1,411,000. Quantbot Technologies LP grew its position in shares of H&E Equipment Services by 115.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,003 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 4,819 shares in the last quarter. Prudential Financial Inc. grew its position in shares of H&E Equipment Services by 53.6% during the 3rd quarter. Prudential Financial Inc. now owns 26,407 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 9,217 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of H&E Equipment Services by 63.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 57,510 shares of the industrial products company’s stock worth $1,628,000 after purchasing an additional 22,408 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of H&E Equipment Services during the 3rd quarter worth approximately $764,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HEES. Wells Fargo & Company increased their target price on shares of H&E Equipment Services from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, February 23rd. Stifel Nicolaus increased their price target on shares of H&E Equipment Services from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, December 19th. Finally, B. Riley increased their price target on shares of H&E Equipment Services from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $58.00.

Insider Buying and Selling at H&E Equipment Services

In other H&E Equipment Services news, Director Gary W. Bagley sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $54.31, for a total value of $543,100.00. Following the sale, the director now owns 62,384 shares in the company, valued at $3,388,075.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.50% of the company’s stock.

H&E Equipment Services Stock Performance

NASDAQ HEES opened at $55.42 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 1.58 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.40 and a beta of 2.05. The firm’s 50 day simple moving average is $49.66 and its 200 day simple moving average is $40.85. H&E Equipment Services, Inc. has a 1 year low of $26.12 and a 1 year high of $56.47.

H&E Equipment Services (NASDAQ:HEES – Get Rating) last issued its earnings results on Wednesday, February 22nd. The industrial products company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. H&E Equipment Services had a net margin of 10.62% and a return on equity of 38.23%. The firm had revenue of $353.12 million for the quarter, compared to analyst estimates of $339.32 million. During the same quarter last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. As a group, research analysts expect that H&E Equipment Services, Inc. will post 3.99 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Friday, February 24th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.98%. H&E Equipment Services’s dividend payout ratio is currently 30.30%.

H&E Equipment Services Company Profile

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H&E Equipment Services, Inc engages in the provision of equipment services which focused 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 rents construction and industrial equipment.