Dimensional Fund Advisors LP Has $58.85 Million Stock Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Dimensional Fund Advisors LP reduced its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 0.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,201,877 shares of the industrial products company’s stock after selling 724 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.28% of H&E Equipment Services worth $58,846,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in H&E Equipment Services by 1,238.8% during the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company’s stock worth $33,778,000 after buying an additional 638,379 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of H&E Equipment Services in the fourth quarter worth approximately $28,780,000. American Century Companies Inc. boosted its holdings in H&E Equipment Services by 17.2% in the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock valued at $104,493,000 after acquiring an additional 313,880 shares during the last quarter. First Trust Advisors LP increased its position in H&E Equipment Services by 34.5% during the 4th quarter. First Trust Advisors LP now owns 623,488 shares of the industrial products company’s stock valued at $30,526,000 after purchasing an additional 159,976 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in H&E Equipment Services by 77.1% during the 4th quarter. Fisher Asset Management LLC now owns 348,656 shares of the industrial products company’s stock worth $17,070,000 after purchasing an additional 151,761 shares during the last quarter. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Performance

NASDAQ:HEES opened at $90.09 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a twelve month low of $40.93 and a twelve month high of $101.28. The company has a fifty day moving average of $93.12 and a 200-day moving average of $74.93. The firm has a market capitalization of $3.30 billion, a P/E ratio of 22.87 and a beta of 1.74.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.63). The company had revenue of $319.46 million for the quarter, compared to analyst estimates of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. H&E Equipment Services’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS. As a group, sell-side analysts anticipate that H&E Equipment Services, Inc. will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid 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 1.22%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 44.18%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HEES. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Wednesday. They set a “hold” rating for the company. UBS Group reissued a “neutral” rating and issued a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, H&E Equipment Services presently has an average rating of “Hold” and an average target price of $71.33.

H&E Equipment Services 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.