Pertento Partners LLP Raises Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Pertento Partners LLP lifted its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,030,094 shares of the industrial products company’s stock after acquiring an additional 119,151 shares during the period. H&E Equipment Services makes up approximately 4.3% of Pertento Partners LLP’s portfolio, making the stock its 9th biggest position. Pertento Partners LLP owned approximately 2.81% of H&E Equipment Services worth $50,433,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HEES. Access Financial Services Inc. grew its stake in H&E Equipment Services by 20.4% during the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock worth $1,027,000 after purchasing an additional 3,555 shares during the period. Geode Capital Management LLC grew its position in shares of H&E Equipment Services by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after buying an additional 4,226 shares during the period. State Street Corp increased its stake in shares of H&E Equipment Services by 2.9% in the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after acquiring an additional 21,805 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of H&E Equipment Services by 17.7% during the 4th quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 1,000 shares during the period. Finally, Holocene Advisors LP bought a new position in H&E Equipment Services during the third quarter worth $524,000. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Stock Down 0.1 %

H&E Equipment Services stock opened at $95.43 on Friday. 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 firm’s fifty day moving average price is $92.39 and its two-hundred day moving average price is $67.25. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 24.22 and a beta of 1.94. H&E Equipment Services, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. The business had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. On average, equities research analysts predict 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 business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.15%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 32.64%.

Analyst Upgrades and Downgrades

HEES has been the subject of several research analyst reports. 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. StockNews.com initiated coverage on H&E Equipment Services in a research report on Saturday. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, H&E Equipment Services presently has an average rating of “Hold” and a consensus target price of $71.33.

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.