Denali Advisors LLC Invests $321,000 in H&E Equipment Services, Inc. (NASDAQ:HEES)

Denali Advisors LLC purchased a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,000 shares of the industrial products company’s stock, valued at approximately $321,000.

Other large investors also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new position in shares of H&E Equipment Services in the 4th quarter worth approximately $223,000. Avantax Planning Partners Inc. purchased a new position in H&E Equipment Services during the fourth quarter worth $224,000. L.M. Kohn & Company bought a new position in H&E Equipment Services during the fourth quarter valued at $233,000. Quest Partners LLC purchased a new stake in shares of H&E Equipment Services in the fourth quarter valued at $258,000. Finally, Americana Partners LLC raised its stake in shares of H&E Equipment Services by 4.3% in the fourth quarter. Americana Partners LLC now owns 4,988 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 205 shares during the period. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Stock Up 0.5 %

Shares of NASDAQ:HEES opened at $43.53 on Thursday. The business’s 50 day moving average is $46.88 and its 200 day moving average is $52.74. The stock has a market cap of $1.59 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.89. H&E Equipment Services, Inc. has a 52-week low of $38.06 and a 52-week high of $66.18. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 2.26.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). The firm had revenue of $371.20 million during the quarter, compared to analysts’ expectations of $352.52 million. H&E Equipment Services had a return on equity of 34.33% and a net margin of 11.17%. H&E Equipment Services’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 earnings per share. Sell-side analysts predict that H&E Equipment Services, Inc. will post 4.13 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Thursday, May 30th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, May 30th. H&E Equipment Services’s payout ratio is 23.55%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HEES shares. StockNews.com downgraded shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Stifel Nicolaus cut their target price on H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. UBS Group decreased their price target on H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Finally, Raymond James initiated coverage on H&E Equipment Services in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

H&E Equipment Services Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, 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.