Holocene Advisors LP Purchases Shares of 10,767 H&E Equipment Services, Inc. (NASDAQ:HEES)

Holocene Advisors LP acquired a new position in H&E Equipment Services, Inc. (NASDAQ:HEES) during the third quarter, according to its most recent filing with the SEC. The firm acquired 10,767 shares of the industrial products company’s stock, valued at approximately $524,000.

Several other hedge funds have also recently made changes to their positions in HEES. Point72 Asia Singapore Pte. Ltd. lifted its stake in H&E Equipment Services by 227.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 1,910 shares during the period. 272 Capital LP purchased a new stake in shares of H&E Equipment Services in the 3rd quarter worth about $295,000. L.M. Kohn & Company bought a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $217,000. Bridgewater Associates LP purchased a new position in shares of H&E Equipment Services during the third quarter valued at about $3,489,000. Finally, BNP Paribas Financial Markets raised its stake in H&E Equipment Services by 5.3% in the third quarter. BNP Paribas Financial Markets now owns 44,175 shares of the industrial products company’s stock worth $2,150,000 after buying an additional 2,238 shares in the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Performance

Shares of HEES stock opened at $59.99 on Friday. The company’s 50-day moving average is $55.09 and its 200 day moving average is $49.47. 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 one year low of $40.92 and a one year high of $66.18. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 13.49 and a beta of 1.84.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.86 million during the quarter, compared to analysts’ expectations of $388.18 million. During the same quarter last year, the firm posted $1.46 EPS. H&E Equipment Services’s revenue for the quarter was down 4.0% compared to the same quarter last year. Sell-side analysts expect that H&E Equipment Services, Inc. will post 3.34 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, November 29th. H&E Equipment Services’s dividend payout ratio (DPR) is 27.92%.

Analyst Upgrades and Downgrades

HEES has been the topic of a number of research analyst reports. UBS Group reduced their target price on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. B. Riley restated a “buy” rating and issued 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average 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.