Stifel Financial Corp Decreases Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Stifel Financial Corp cut its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 7.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,304 shares of the industrial products company’s stock after selling 6,231 shares during the quarter. Stifel Financial Corp’s holdings in H&E Equipment Services were worth $4,007,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Repertoire Partners LP acquired a new position in H&E Equipment Services during the third quarter worth about $677,000. Millburn Ridgefield Corp purchased a new stake in shares of H&E Equipment Services during the 3rd quarter worth approximately $84,000. Holocene Advisors LP acquired a new stake in shares of H&E Equipment Services in the 3rd quarter worth approximately $524,000. Point72 Asia Singapore Pte. Ltd. increased its stake in H&E Equipment Services by 227.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,910 shares in the last quarter. Finally, 272 Capital LP acquired a new position in H&E Equipment Services during the third quarter worth $295,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Trading Down 0.2 %

Shares of H&E Equipment Services stock opened at $55.89 on Monday. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $66.18. 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 business has a 50 day moving average price of $55.88 and a 200 day moving average price of $49.80. The company has a market capitalization of $2.05 billion, a P/E 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 quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). The company had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.46 earnings per share. Sell-side analysts anticipate that H&E Equipment Services, Inc. will post 3.27 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.