45,752 Shares in H&E Equipment Services, Inc. (NASDAQ:HEES) Acquired by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC purchased a new position in H&E Equipment Services, Inc. (NASDAQ:HEES) during the fourth quarter, HoldingsChannel reports. The fund purchased 45,752 shares of the industrial products company’s stock, valued at approximately $2,240,000.

Other large investors also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp purchased a new position in H&E Equipment Services in the 3rd quarter worth approximately $84,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of H&E Equipment Services by 227.7% during the 3rd 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 in the last quarter. L.M. Kohn & Company purchased a new stake in shares of H&E Equipment Services during the 3rd quarter worth approximately $217,000. Creative Planning purchased a new stake in shares of H&E Equipment Services during the 3rd quarter worth approximately $254,000. Finally, Americana Partners LLC purchased a new stake in shares of H&E Equipment Services during the 3rd quarter worth approximately $283,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Price Performance

HEES opened at $87.56 on Friday. H&E Equipment Services, Inc. has a 12-month low of $40.92 and a 12-month high of $90.66. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The business’s fifty day simple moving average is $68.55 and its 200-day simple moving average is $57.11. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 22.22 and a beta of 1.93.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 27.92%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com began coverage on H&E Equipment Services in a report on Sunday, February 9th. They set a “hold” rating on the stock. Finally, B. Riley restated a “buy” rating and set a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, H&E Equipment Services currently has an average rating of “Hold” and an average price target of $69.25.

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.