BTC Capital Management Inc. Sells 1,133 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

BTC Capital Management Inc. lowered its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,918 shares of the industrial products company’s stock after selling 1,133 shares during the period. BTC Capital Management Inc.’s holdings in H&E Equipment Services were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Access Financial Services Inc. boosted its holdings in shares of H&E Equipment Services by 20.4% during the 4th quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock valued at $1,027,000 after acquiring an additional 3,555 shares during the last quarter. Geode Capital Management LLC boosted its holdings in H&E Equipment Services by 0.6% in the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after purchasing an additional 4,226 shares during the last quarter. KG&L Capital Management LLC bought a new stake in H&E Equipment Services in the 3rd quarter worth approximately $542,000. State Street Corp raised its stake in H&E Equipment Services by 2.9% during the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after buying an additional 21,805 shares during the last quarter. Finally, Jade Capital Advisors LLC bought a new position in shares of H&E Equipment Services during the 3rd quarter valued at $1,217,000. Institutional investors own 84.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HEES. UBS Group restated a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. B. Riley reissued a “buy” rating and issued a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Finally, StockNews.com began coverage on shares of H&E Equipment Services in a research note on Saturday. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, H&E Equipment Services has a consensus rating of “Hold” and a consensus target price of $69.25.

H&E Equipment Services Stock Up 0.0 %

NASDAQ HEES opened at $88.69 on Friday. The stock’s 50-day moving average price is $62.93 and its 200-day moving average price is $54.64. The company has a market capitalization of $3.25 billion, a P/E ratio of 22.51 and a beta of 1.88. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a 52 week low of $40.92 and a 52 week high of $90.66.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results 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). The firm had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. H&E Equipment Services’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 EPS. On average, equities research analysts predict that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.24%. The ex-dividend date was 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 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.