Klein Pavlis & Peasley Financial Inc. Buys Shares of 11,915 H&E Equipment Services, Inc. (NASDAQ:HEES)

Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,915 shares of the industrial products company’s stock, valued at approximately $580,000.

A number of other large investors have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of H&E Equipment Services during the second quarter worth $37,000. CWM LLC boosted its holdings in shares of H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 278 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of H&E Equipment Services during the first quarter worth $62,000. Meeder Asset Management Inc. acquired a new stake in shares of H&E Equipment Services during the second quarter worth $65,000. Finally, Quest Partners LLC acquired a new stake in shares of H&E Equipment Services during the second quarter worth $109,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Trading Down 1.2 %

NASDAQ HEES opened at $55.46 on Monday. H&E Equipment Services, Inc. has a one year low of $38.06 and a one year high of $66.18. The company’s 50 day moving average price is $48.39 and its 200 day moving average price is $48.67. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 0.61. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 11.71 and a beta of 1.84.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.12). H&E Equipment Services had a net margin of 10.53% and a return on equity of 30.84%. The business had revenue of $376.30 million during the quarter, compared to analysts’ expectations of $382.05 million. During the same quarter in the previous year, the business posted $1.14 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts predict that H&E Equipment Services, Inc. will post 3.52 EPS for the current year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio (DPR) is 23.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus decreased their price objective on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. UBS Group cut their target price on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, KeyCorp started coverage on H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.67.

H&E Equipment Services Company 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.