First Trust Advisors LP lifted its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 288.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,395 shares of the industrial products company’s stock after acquiring an additional 74,535 shares during the quarter. First Trust Advisors LP owned 0.28% of H&E Equipment Services worth $2,049,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HEES. SG Capital Management LLC bought a new stake in shares of H&E Equipment Services during the 2nd quarter worth $18,761,000. Victory Capital Management Inc. boosted its stake in shares of H&E Equipment Services by 130.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,529,606 shares of the industrial products company’s stock worth $37,505,000 after acquiring an additional 866,112 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of H&E Equipment Services during the 1st quarter worth $11,625,000. Principal Financial Group Inc. bought a new stake in shares of H&E Equipment Services during the 1st quarter worth $9,072,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of H&E Equipment Services by 21.8% during the 1st quarter. JPMorgan Chase & Co. now owns 776,505 shares of the industrial products company’s stock worth $19,041,000 after acquiring an additional 139,219 shares in the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) opened at 25.59 on Tuesday. The stock’s 50 day moving average price is $22.47 and its 200 day moving average price is $22.11. H&E Equipment Services, Inc. has a 1-year low of $12.72 and a 1-year high of $27.54. The company has a market capitalization of $900.13 million, a price-to-earnings ratio of 23.07 and a beta of 2.49.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, September 1st were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Wednesday, August 30th. H&E Equipment Services’s dividend payout ratio is presently 99.10%.

Several equities research analysts have recently weighed in on HEES shares. ValuEngine raised H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Royal Bank Of Canada reissued a “buy” rating on shares of H&E Equipment Services in a research note on Friday, July 28th. BidaskClub raised H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised H&E Equipment Services from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, UBS AG reissued a “sell” rating and set a $16.00 price objective (up from $15.00) on shares of H&E Equipment Services in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.00.

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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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