Point72 DIFC Ltd Invests $256,000 in H&E Equipment Services, Inc. (NASDAQ:HEES)

Point72 DIFC Ltd acquired a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,799 shares of the industrial products company’s stock, valued at approximately $256,000.

A number of other institutional investors have also recently made changes to their positions in the business. Lombard Odier Asset Management USA Corp purchased a new stake in H&E Equipment Services in the second quarter valued at about $1,070,000. MQS Management LLC acquired a new position in shares of H&E Equipment Services during the second quarter valued at about $219,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of H&E Equipment Services during the second quarter valued at about $545,000. Edgestream Partners L.P. purchased a new position in shares of H&E Equipment Services in the 2nd quarter valued at approximately $239,000. Finally, Renaissance Technologies LLC boosted its stake in H&E Equipment Services by 420.5% in the 2nd quarter. Renaissance Technologies LLC now owns 33,832 shares of the industrial products company’s stock worth $1,494,000 after purchasing an additional 27,332 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Trading Up 1.0 %

NASDAQ HEES opened at $47.55 on Friday. H&E Equipment Services, Inc. has a 1 year low of $38.06 and a 1 year high of $66.18. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.61 and a quick ratio of 0.56. The company has a market capitalization of $1.74 billion, a PE ratio of 10.18, a P/E/G ratio of 10.35 and a beta of 1.85. The company has a fifty day moving average of $47.11 and a 200 day moving average of $50.25.

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

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th were given a $0.275 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.10 annualized dividend and a yield of 2.31%. H&E Equipment Services’s dividend payout ratio is presently 23.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. KeyCorp initiated coverage on shares of H&E Equipment Services in a report on Friday, August 9th. They issued a “sector weight” rating for the company. UBS Group reduced 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 note on Wednesday, August 14th. Stifel Nicolaus dropped their price target on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Raymond James assumed coverage on H&E Equipment Services in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.67.

H&E Equipment Services Company 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.