Prudential Financial Inc. Has $2.09 Million Holdings in H&E Equipment Services, Inc. (HEES)

Prudential Financial Inc. reduced its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 19.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,397 shares of the industrial products company’s stock after selling 17,040 shares during the quarter. Prudential Financial Inc. owned about 0.20% of H&E Equipment Services worth $2,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HEES. Public Employees Retirement System of Ohio grew its stake in shares of H&E Equipment Services by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 5,014 shares of the industrial products company’s stock valued at $102,000 after buying an additional 461 shares during the last quarter. Legal & General Group Plc grew its stake in shares of H&E Equipment Services by 4.3% during the second quarter. Legal & General Group Plc now owns 7,752 shares of the industrial products company’s stock valued at $157,000 after buying an additional 317 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of H&E Equipment Services by 304.2% during the second quarter. BNP Paribas Arbitrage SA now owns 7,801 shares of the industrial products company’s stock valued at $159,000 after buying an additional 5,871 shares during the last quarter. Wrapmanager Inc. grew its stake in shares of H&E Equipment Services by 3.9% during the second quarter. Wrapmanager Inc. now owns 10,306 shares of the industrial products company’s stock valued at $210,000 after buying an additional 391 shares during the last quarter. Finally, Nine Chapters Capital Management LLC bought a new position in shares of H&E Equipment Services during the third quarter valued at approximately $213,000. 75.45% of the stock is currently owned by institutional investors.

H&E Equipment Services, Inc. (NASDAQ:HEES) opened at $36.46 on Wednesday. The company has a market capitalization of $1,313.63, a P/E ratio of 23.93, a PEG ratio of 1.48 and a beta of 2.91. H&E Equipment Services, Inc. has a 52 week low of $17.44 and a 52 week high of $37.98. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.71 and a current ratio of 1.06.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.32. The firm had revenue of $259.16 million during the quarter, compared to analyst estimates of $252.94 million. H&E Equipment Services had a return on equity of 38.83% and a net margin of 3.69%. H&E Equipment Services’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. sell-side analysts forecast that H&E Equipment Services, Inc. will post 1.6 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 20th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.02%. H&E Equipment Services’s payout ratio is 107.84%.

A number of research analysts have recently commented on the company. Zacks Investment Research raised H&E Equipment Services from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, August 9th. BidaskClub cut H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. UBS upped their target price on H&E Equipment Services from $16.00 to $17.00 and gave the company a “sell” rating in a research note on Friday, October 27th. Buckingham Research assumed coverage on H&E Equipment Services in a research note on Tuesday, November 21st. They set a “buy” rating and a $39.00 target price on the stock. Finally, ValuEngine cut H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $31.40.

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About H&E Equipment Services

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.

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

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