H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Purchased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA raised its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 64.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,353 shares of the industrial products company’s stock after purchasing an additional 6,021 shares during the period. BNP Paribas Arbitrage SA’s holdings in H&E Equipment Services were worth $583,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of H&E Equipment Services by 7.9% in the fourth quarter. BlackRock Inc. now owns 2,925,515 shares of the industrial products company’s stock worth $87,211,000 after acquiring an additional 214,299 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of H&E Equipment Services by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 2,470,168 shares of the industrial products company’s stock worth $73,636,000 after acquiring an additional 6,953 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of H&E Equipment Services by 25.0% in the fourth quarter. Janus Henderson Group PLC now owns 1,584,861 shares of the industrial products company’s stock worth $47,245,000 after acquiring an additional 316,677 shares in the last quarter. Northern Trust Corp increased its position in shares of H&E Equipment Services by 2.9% in the fourth quarter. Northern Trust Corp now owns 616,377 shares of the industrial products company’s stock worth $18,373,000 after acquiring an additional 17,446 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of H&E Equipment Services in the fourth quarter worth $15,979,000. 70.12% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Friday, April 30th.

Shares of HEES stock opened at $33.61 on Friday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 146.14, a PEG ratio of 0.61 and a beta of 2.26. The company has a fifty day moving average price of $37.59. The company has a quick ratio of 2.07, a current ratio of 2.73 and a debt-to-equity ratio of 5.30. H&E Equipment Services, Inc. has a twelve month low of $16.42 and a twelve month high of $41.85.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Tuesday, April 27th. The industrial products company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The firm had revenue of $278.40 million during the quarter, compared to analysts’ expectations of $266.37 million. H&E Equipment Services had a net margin of 0.73% and a return on equity of 15.95%. H&E Equipment Services’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. As a group, research analysts forecast that H&E Equipment Services, Inc. will post 1.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 18th. Stockholders of record on Wednesday, June 2nd will be paid a $0.275 dividend. The ex-dividend date is Tuesday, June 1st. This represents a $1.10 annualized dividend and a dividend yield of 3.27%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 79.14%.

About H&E Equipment Services

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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