Bokf Na increased its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 42.8% in the fourth quarter, Holdings Channel reports. The firm owned 133,973 shares of the industrial products company’s stock after buying an additional 40,129 shares during the period. Bokf Na’s holdings in H&E Equipment Services were worth $2,735,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Royce & Associates LP acquired a new stake in shares of H&E Equipment Services during the 4th quarter worth about $30,000. Winch Advisory Services LLC increased its position in shares of H&E Equipment Services by 366.6% during the 4th quarter. Winch Advisory Services LLC now owns 2,333 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 1,833 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of H&E Equipment Services by 9.2% during the 4th quarter. Great West Life Assurance Co. Can now owns 5,068 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 428 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in shares of H&E Equipment Services by 65.2% during the 4th quarter. Xact Kapitalforvaltning AB now owns 10,137 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of H&E Equipment Services by 18.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,881 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 1,690 shares during the last quarter. 69.63% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Bruce Bruckmann acquired 22,500 shares of the stock in a transaction dated Friday, December 21st. The stock was acquired at an average cost of $19.56 per share, with a total value of $440,100.00. Following the completion of the transaction, the director now owns 767,740 shares in the company, valued at approximately $15,016,994.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul Arnold acquired 10,000 shares of the stock in a transaction dated Tuesday, December 18th. The shares were bought at an average cost of $20.07 per share, with a total value of $200,700.00. Following the completion of the transaction, the director now owns 68,204 shares of the company’s stock, valued at approximately $1,368,854.28. The disclosure for this purchase can be found here. Insiders own 11.70% of the company’s stock.

A number of analysts recently issued reports on HEES shares. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. BidaskClub raised H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. ValuEngine raised H&E Equipment Services from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. Finally, UBS Group set a $30.00 target price on H&E Equipment Services and gave the company a “hold” rating in a research report on Friday, March 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.20.

NASDAQ HEES opened at $25.91 on Friday. The stock has a market capitalization of $941.30 million, a price-to-earnings ratio of 12.20, a PEG ratio of 0.78 and a beta of 2.77. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.90 and a quick ratio of 0.62. H&E Equipment Services, Inc. has a 1-year low of $18.12 and a 1-year high of $42.37.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, February 21st. The industrial products company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.13. The company had revenue of $345.97 million during the quarter, compared to the consensus estimate of $320.50 million. H&E Equipment Services had a return on equity of 32.46% and a net margin of 6.18%. H&E Equipment Services’s revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, sell-side analysts forecast that H&E Equipment Services, Inc. will post 2.3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 20th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Tuesday, February 19th. H&E Equipment Services’s dividend payout ratio is currently 51.64%.

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H&E Equipment Services Profile

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for 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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