Lombard Odier Asset Management USA Corp Invests $1.07 Million in H&E Equipment Services, Inc. (NASDAQ:HEES)

Lombard Odier Asset Management USA Corp purchased a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,233 shares of the industrial products company’s stock, valued at approximately $1,070,000. Lombard Odier Asset Management USA Corp owned 0.07% of H&E Equipment Services at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. raised its position in H&E Equipment Services by 104.6% in the 2nd quarter. American Century Companies Inc. now owns 1,410,554 shares of the industrial products company’s stock valued at $62,304,000 after buying an additional 721,270 shares during the last quarter. Norges Bank acquired a new stake in H&E Equipment Services in the 4th quarter valued at approximately $11,827,000. Loews Corp acquired a new stake in H&E Equipment Services in the 2nd quarter valued at approximately $5,742,000. Castleark Management LLC acquired a new stake in H&E Equipment Services in the 1st quarter valued at approximately $7,046,000. Finally, Wells Fargo & Company MN raised its position in H&E Equipment Services by 64.8% in the 4th quarter. Wells Fargo & Company MN now owns 151,955 shares of the industrial products company’s stock valued at $7,950,000 after buying an additional 59,732 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

Wall Street Analyst Weigh In

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

H&E Equipment Services Stock Performance

Shares of NASDAQ HEES opened at $48.09 on Monday. 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 12 month low of $38.06 and a 12 month high of $66.18. The stock has a 50 day moving average of $47.47 and a 200-day moving average of $50.44. The company has a market capitalization of $1.76 billion, a P/E ratio of 10.30, a P/E/G ratio of 9.16 and a beta of 1.85.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly 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 firm had revenue of $376.30 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. As a group, equities research analysts predict that H&E Equipment Services, Inc. will post 3.52 EPS for the current year.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.10 annualized dividend and a yield of 2.29%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 23.55%.

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.