Nisa Investment Advisors LLC Has $343,000 Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Nisa Investment Advisors LLC lowered its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 7.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,300 shares of the industrial products company’s stock after selling 855 shares during the quarter. Nisa Investment Advisors LLC’s holdings in H&E Equipment Services were worth $343,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC increased its position in H&E Equipment Services by 0.9% during the 2nd quarter. Chartwell Investment Partners LLC now owns 38,266 shares of the industrial products company’s stock valued at $1,273,000 after purchasing an additional 344 shares during the period. Alliancebernstein L.P. increased its position in H&E Equipment Services by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 38,130 shares of the industrial products company’s stock valued at $1,449,000 after purchasing an additional 400 shares during the period. Swiss National Bank increased its position in H&E Equipment Services by 1.4% during the 1st quarter. Swiss National Bank now owns 74,300 shares of the industrial products company’s stock valued at $2,823,000 after purchasing an additional 1,000 shares during the period. Total Clarity Wealth Management Inc. acquired a new stake in H&E Equipment Services during the 1st quarter valued at approximately $40,000. Finally, Eagle Bay Advisors LLC acquired a new stake in H&E Equipment Services during the 2nd quarter valued at approximately $60,000. 70.16% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 5th.

NASDAQ:HEES opened at $32.32 on Wednesday. The company has a market capitalization of $1.17 billion, a PE ratio of 76.95, a P/E/G ratio of 0.62 and a beta of 2.24. The company has a 50 day simple moving average of $32.93 and a two-hundred day simple moving average of $34.91. The company has a debt-to-equity ratio of 5.15, a quick ratio of 2.08 and a current ratio of 2.77. H&E Equipment Services, Inc. has a fifty-two week low of $17.93 and a fifty-two week high of $41.85.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Tuesday, August 3rd. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $315.80 million for the quarter, compared to analysts’ expectations of $300.71 million. H&E Equipment Services had a return on equity of 19.16% and a net margin of 1.28%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. Research analysts predict that H&E Equipment Services, Inc. will post 1.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 17th. Shareholders of record on Friday, August 27th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, August 26th. H&E Equipment Services’s payout ratio is 79.14%.

About H&E Equipment Services

H&E Equipment Services, Inc engages in the provision of equipment services which focused 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 rents construction and industrial equipment.

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

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