2 weeks Ago By ABMN Staff
Invesco Ltd. lifted its stake in H&E Equipment Services, Inc. ( NASDAQ:HEES – Free Report ) by 89.
8% during the fourth quarter, HoldingsChannel reports. The firm owned 153,291 shares of the industrial products company’s stock after purchasing an additional 72,539 shares during the period. Invesco Ltd.
’s holdings in H&E Equipment Services were worth $7,505,000 at the end of the most recent quarter. Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of H&E Equipment Services by 185.
1% during the third quarter. Barclays PLC now owns 61,018 shares of the industrial products company’s stock worth $2,972,000 after acquiring an additional 39,617 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in H&E Equipment Services during the 3rd quarter worth $288,000.
272 Capital LP bought a new stake in H&E Equipment Services during the 3rd quarter valued at $974,000. Oliver Luxxe Assets LLC lifted its holdings in shares of H&E Equipment Services by 6.2% in the 4th quarter.
Oliver Luxxe Assets LLC now owns 38,980 shares of the industrial products company’s stock worth $1,908,000 after buying an additional 2,259 shares during the period. Finally, Diversified Trust Co grew its position in shares of H&E Equipment Services by 5.7% during the 4th quarter.
Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock worth $520,000 after buying an additional 574 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.
H&E Equipment Services Stock Up 0.4 % NASDAQ:HEES opened at $90.30 on Friday.
The company’s 50-day simple moving average is $94.04 and its 200-day simple moving average is $73.62.
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, Inc. has a fifty-two week low of $40.
93 and a fifty-two week high of $101.28. The stock has a market capitalization of $3.
31 billion, a P/E ratio of 22.92 and a beta of 1.74.
H&E Equipment Services Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.275 dividend.
This represents a $1.10 dividend on an annualized basis and a yield of 1.22%.
The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 32.64%.
Analyst Ratings Changes A number of research firms recently weighed in on HEES. UBS Group reaffirmed a “neutral” rating and issued a $92.00 price objective (up from $60.
00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com assumed coverage on shares of H&E Equipment Services in a research note on Tuesday.
They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.
33. Read Our Latest Stock Report on HEES H&E Equipment Services Profile ( Free Report ) H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services.
The Equipment Rentals segment focuses on renting construction and industrial equipment. Featured Articles Want to see what other hedge funds are holding HEES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&E Equipment Services, Inc.
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