BTC Capital Management Inc. Decreases Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

BTC Capital Management Inc. lessened its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,918 shares of the industrial products company’s stock after selling 1,133 shares during the quarter. BTC Capital Management Inc.’s holdings in H&E Equipment Services were worth $535,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in H&E Equipment Services by 186.0% in the third quarter. Assenagon Asset Management S.A. now owns 194,102 shares of the industrial products company’s stock worth $9,449,000 after purchasing an additional 126,244 shares during the last quarter. Millennium Management LLC grew its stake in shares of H&E Equipment Services by 200.6% in the 2nd quarter. Millennium Management LLC now owns 133,554 shares of the industrial products company’s stock worth $5,899,000 after buying an additional 89,128 shares in the last quarter. Bridgewater Associates LP bought a new stake in shares of H&E Equipment Services in the 3rd quarter worth about $3,489,000. Two Sigma Advisers LP raised its position in shares of H&E Equipment Services by 36.4% during the 3rd quarter. Two Sigma Advisers LP now owns 237,785 shares of the industrial products company’s stock valued at $11,575,000 after buying an additional 63,500 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of H&E Equipment Services in the 2nd quarter valued at about $2,793,000. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Up 0.0 %

Shares of NASDAQ:HEES opened at $88.69 on Friday. The firm has a market capitalization of $3.25 billion, a PE ratio of 22.51 and a beta of 1.88. The business has a 50 day simple moving average of $62.93 and a two-hundred day simple moving average of $54.64. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $90.66. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). The business had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 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 was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.46 EPS. On average, equities analysts predict that H&E Equipment Services, Inc. will post 3.27 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 annualized dividend and a dividend yield of 1.24%. H&E Equipment Services’s dividend payout ratio (DPR) is 27.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HEES shares. StockNews.com assumed coverage on H&E Equipment Services in a research report on Saturday. They set a “hold” rating on the stock. B. Riley reissued a “buy” rating and set a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Finally, UBS Group restated a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $69.25.

H&E Equipment Services Company 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.