Victory Capital Management Inc. Raises Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Victory Capital Management Inc. lifted its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 409.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 51,532 shares of the industrial products company’s stock after buying an additional 41,412 shares during the quarter. Victory Capital Management Inc.’s holdings in H&E Equipment Services were worth $2,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co raised its stake in shares of H&E Equipment Services by 645.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 21,968 shares of the industrial products company’s stock worth $1,411,000 after purchasing an additional 19,021 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of H&E Equipment Services during the first quarter worth approximately $1,233,000. SG Americas Securities LLC raised its stake in shares of H&E Equipment Services by 688.1% during the second quarter. SG Americas Securities LLC now owns 20,862 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 18,215 shares during the last quarter. Comerica Bank raised its stake in shares of H&E Equipment Services by 2,460.2% during the first quarter. Comerica Bank now owns 34,819 shares of the industrial products company’s stock worth $2,235,000 after purchasing an additional 33,459 shares during the last quarter. Finally, KG&L Capital Management LLC purchased a new stake in shares of H&E Equipment Services during the third quarter worth approximately $542,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HEES shares. KeyCorp assumed coverage on H&E Equipment Services in a research note on Friday, August 9th. They set a “sector weight” rating for the company. B. Riley reiterated a “buy” rating and issued a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Stifel Nicolaus cut their price objective on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, UBS Group cut their price objective on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.25.

H&E Equipment Services Trading Up 3.7 %

NASDAQ:HEES opened at $58.76 on Friday. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $66.18. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 12.94 and a beta of 1.82. The stock has a fifty day moving average price of $52.64 and a two-hundred day moving average price of $48.71. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

H&E Equipment Services (NASDAQ:HEES) last announced 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). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm had revenue of $384.86 million during the quarter, compared to analysts’ expectations of $388.18 million. During the same quarter in the prior year, the business earned $1.46 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that H&E Equipment Services, Inc. will post 3.34 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. H&E Equipment Services’s dividend payout ratio is currently 27.92%.

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.