Scientech Research LLC Buys New Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Scientech Research LLC bought a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES) during the second quarter, according to its most recent filing with the SEC. The firm bought 4,598 shares of the industrial products company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in H&E Equipment Services in the 2nd quarter valued at $37,000. CWM LLC lifted its holdings in shares of H&E Equipment Services by 42.5% during the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 278 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of H&E Equipment Services during the 1st quarter worth about $62,000. Meeder Asset Management Inc. bought a new position in shares of H&E Equipment Services during the 2nd quarter worth about $65,000. Finally, Quest Partners LLC bought a new position in shares of H&E Equipment Services during the 2nd quarter worth about $109,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Trading Up 1.3 %

Shares of NASDAQ HEES opened at $49.30 on Wednesday. H&E Equipment Services, Inc. has a fifty-two week low of $38.06 and a fifty-two week high of $66.18. The firm has a market capitalization of $1.80 billion, a P/E ratio of 10.56, a P/E/G ratio of 10.35 and a beta of 1.85. 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’s 50 day simple moving average is $46.95 and its 200 day simple moving average is $50.04.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results 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 for the quarter, compared to analyst estimates of $382.05 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. H&E Equipment Services’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share. On average, analysts predict that H&E Equipment Services, Inc. will post 3.52 EPS for the current year.

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio is currently 23.55%.

Analyst Ratings Changes

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

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.