Natixis Advisors LLC Invests $5.81 Million in H&E Equipment Services, Inc. (NASDAQ:HEES)

Natixis Advisors LLC bought a new position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 118,643 shares of the industrial products company’s stock, valued at approximately $5,809,000.

Several other hedge funds have also modified their holdings of HEES. Millburn Ridgefield Corp purchased a new stake in shares of H&E Equipment Services during the 3rd quarter worth about $84,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in H&E Equipment Services by 227.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,910 shares in the last quarter. L.M. Kohn & Company purchased a new position in H&E Equipment Services in the 3rd quarter valued at about $217,000. Wilmington Savings Fund Society FSB purchased a new position in H&E Equipment Services in the 3rd quarter valued at about $288,000. Finally, 272 Capital LP purchased a new position in H&E Equipment Services in the 3rd quarter valued at about $295,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HEES shares. StockNews.com started coverage on shares of H&E Equipment Services in a research note on Friday. They issued a “hold” rating on the stock. UBS Group reaffirmed 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Stock Down 0.1 %

HEES stock opened at $95.03 on Friday. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 24.12 and a beta of 1.94. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a 12 month low of $40.93 and a 12 month high of $101.28. The firm has a 50-day moving average of $90.82 and a two-hundred day moving average of $65.46.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. The company had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. As a group, analysts forecast that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were issued a $0.275 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.16%. H&E Equipment Services’s payout ratio is 32.64%.

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.