H&E Equipment Services, Inc. (NASDAQ:HEES) Holdings Lowered by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 210,293 shares of the industrial products company’s stock after selling 4,239 shares during the quarter. First Eagle Investment Management LLC’s holdings in H&E Equipment Services were worth $9,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HEES. CWM LLC boosted its holdings in shares of H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after buying an additional 278 shares during the period. Federated Hermes Inc. boosted its stake in H&E Equipment Services by 0.7% in the 2nd quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company’s stock worth $2,047,000 after purchasing an additional 326 shares during the period. ProShare Advisors LLC grew its position in H&E Equipment Services by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 5,781 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 454 shares in the last quarter. Diversified Trust Co grew its position in H&E Equipment Services by 5.3% during the 2nd quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 503 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in H&E Equipment Services by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 275,363 shares of the industrial products company’s stock valued at $12,163,000 after purchasing an additional 770 shares during the period. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HEES shares. UBS Group decreased their target price on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Raymond James started coverage on H&E Equipment Services in a research report on Friday, June 28th. They set a “market perform” rating for the company. Stifel Nicolaus dropped their target price on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, KeyCorp began coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They issued a “sector weight” rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.67.

H&E Equipment Services Price Performance

HEES opened at $48.38 on Friday. The stock has a fifty day moving average price of $47.46 and a 200 day moving average price of $50.62. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. H&E Equipment Services, Inc. has a 1 year low of $38.06 and a 1 year high of $66.18. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 9.16 and a beta of 1.85.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.12). The firm had revenue of $376.30 million for the quarter, compared to analysts’ expectations of $382.05 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share. Analysts forecast that H&E Equipment Services, Inc. will post 3.52 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 23.55%.

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.