H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 12.5% during the 3rd quarter, Holdings Channel reports. The fund owned 61,802 shares of the industrial products company’s stock after selling 8,862 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in H&E Equipment Services were worth $3,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in H&E Equipment Services in the second quarter worth approximately $37,000. CWM LLC increased its holdings in H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after buying an additional 278 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in H&E Equipment Services in the second quarter valued at $65,000. Quest Partners LLC acquired a new stake in H&E Equipment Services in the second quarter valued at $109,000. Finally, Scientech Research LLC purchased a new stake in H&E Equipment Services during the 2nd quarter worth about $203,000. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Down 0.2 %

HEES stock opened at $55.89 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The company’s 50 day simple moving average is $55.77 and its 200-day simple moving average is $49.71. H&E Equipment Services, Inc. has a 12 month low of $40.92 and a 12 month high of $66.18. The firm has a market capitalization of $2.05 billion, a PE ratio of 14.19, a P/E/G ratio of 13.24 and a beta of 1.84.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). The firm had revenue of $384.86 million during the quarter, compared to analysts’ expectations of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. H&E Equipment Services’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $1.46 earnings per share. Equities analysts expect that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.97%. The ex-dividend date was Friday, November 29th. H&E Equipment Services’s dividend payout ratio (DPR) is 27.92%.

Wall Street Analyst Weigh In

Separately, B. Riley reissued a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, H&E Equipment Services presently has an average rating of “Moderate Buy” and an average price target of $61.25.

About H&E Equipment Services

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.