Metropolitan Life Insurance Co NY lifted its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 109,511.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,865 shares of the industrial products company’s stock after acquiring an additional 9,856 shares during the period. Metropolitan Life Insurance Co NY’s holdings in H&E Equipment Services were worth $328,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in shares of H&E Equipment Services during the second quarter worth $60,000. Rockefeller Capital Management L.P. bought a new position in H&E Equipment Services in the second quarter valued at $61,000. Amalgamated Bank bought a new position in H&E Equipment Services in the second quarter valued at $202,000. Brinker Capital Investments LLC bought a new position in H&E Equipment Services in the second quarter valued at $295,000. Finally, Squarepoint Ops LLC bought a new position in H&E Equipment Services in the second quarter valued at $311,000. 70.63% of the stock is owned by institutional investors.
Shares of HEES stock opened at $46.90 on Thursday. The firm has a market capitalization of $1.70 billion, a PE ratio of 49.37, a P/E/G ratio of 0.84 and a beta of 2.22. The company has a current ratio of 2.47, a quick ratio of 2.13 and a debt-to-equity ratio of 4.78. The company has a fifty day moving average price of $39.76. H&E Equipment Services, Inc. has a one year low of $26.36 and a one year high of $50.69.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Tuesday, November 23rd will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Monday, November 22nd. H&E Equipment Services’s dividend payout ratio is currently 115.79%.
Separately, Zacks Investment Research raised shares of H&E Equipment Services from a “sell” rating to a “hold” rating in a research report on Monday, November 8th.
H&E Equipment Services Profile
H&E Equipment Services, Inc engages in the provision of equipment services which focused 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 rents construction and industrial equipment.
Further Reading: Price to Earnings Ratio (PE)
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