TT International Asset Management LTD Sells 1,363 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

TT International Asset Management LTD reduced its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,420 shares of the industrial products company’s stock after selling 1,363 shares during the quarter. TT International Asset Management LTD owned 0.15% of H&E Equipment Services worth $2,615,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Rhumbline Advisers boosted its position in H&E Equipment Services by 3.4% during the second quarter. Rhumbline Advisers now owns 46,691 shares of the industrial products company’s stock valued at $2,062,000 after purchasing an additional 1,525 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of H&E Equipment Services in the second quarter valued at approximately $109,000. American Century Companies Inc. lifted its position in shares of H&E Equipment Services by 104.6% in the second 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. Meeder Asset Management Inc. acquired a new stake in shares of H&E Equipment Services in the second quarter valued at approximately $65,000. Finally, Federated Hermes Inc. lifted its position in shares of H&E Equipment Services by 0.7% in the second quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company’s stock valued at $2,047,000 after buying an additional 326 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

H&E Equipment Services Trading Down 3.6 %

Shares of HEES opened at $43.93 on Monday. 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 52-week low of $40.92 and a 52-week high of $66.18. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 13.05 and a beta of 1.88. The business’s fifty day moving average is $54.40 and its 200-day moving average is $50.42.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $388.18 million. During the same period last year, the business earned $1.46 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. Equities analysts anticipate that H&E Equipment Services, Inc. will post 3.27 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, November 29th. H&E Equipment Services’s payout ratio is presently 27.92%.

H&E Equipment Services Company Profile

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.