Teachers Advisors LLC boosted its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 61,191 shares of the industrial products company’s stock after buying an additional 2,072 shares during the period. Teachers Advisors LLC owned about 0.17% of H&E Equipment Services worth $1,500,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Systematic Financial Management LP purchased a new position in H&E Equipment Services during the first quarter worth about $11,625,000. Principal Financial Group Inc. purchased a new position in H&E Equipment Services during the first quarter worth about $9,072,000. OppenheimerFunds Inc. boosted its position in H&E Equipment Services by 14.2% in the first quarter. OppenheimerFunds Inc. now owns 715,834 shares of the industrial products company’s stock worth $17,552,000 after buying an additional 89,114 shares during the last quarter. Spark Investment Management LLC purchased a new position in H&E Equipment Services during the first quarter worth about $765,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in H&E Equipment Services during the first quarter worth about $348,000. Hedge funds and other institutional investors own 77.94% of the company’s stock.

Shares of H&E Equipment Services, Inc. (HEES) traded up 0.05% during midday trading on Friday, hitting $20.30. 60,821 shares of the stock were exchanged. The firm has a 50 day moving average of $21.65 and a 200-day moving average of $22.21. H&E Equipment Services, Inc. has a 12 month low of $12.72 and a 12 month high of $27.54. The stock has a market cap of $714.05 million, a P/E ratio of 18.30 and a beta of 2.55.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.07. The company had revenue of $249.40 million for the quarter, compared to analyst estimates of $237.81 million. H&E Equipment Services had a net margin of 4.08% and a return on equity of 27.93%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Equities research analysts anticipate that H&E Equipment Services, Inc. will post $1.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.10 dividend on an annualized basis and a yield of 5.42%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 99.10%.

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A number of research firms have issued reports on HEES. ValuEngine upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research upgraded shares of H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, August 9th. BidaskClub cut shares of H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. UBS AG restated a “sell” rating and issued a $16.00 price objective (up previously from $15.00) on shares of H&E Equipment Services in a research report on Monday, July 31st. Finally, Royal Bank Of Canada restated a “buy” rating on shares of H&E Equipment Services in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $24.00.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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Institutional Ownership by Quarter for H&E Equipment Services (NASDAQ:HEES)

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