Amica Mutual Insurance Co. Makes New Investment in H&E Equipment Services, Inc. (NASDAQ:HEES)

Amica Mutual Insurance Co. purchased a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,058 shares of the industrial products company’s stock, valued at approximately $840,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HEES. Penn Mutual Asset Management LLC acquired a new stake in shares of H&E Equipment Services in the 3rd quarter valued at about $201,000. Americana Partners LLC bought a new stake in shares of H&E Equipment Services during the third quarter valued at approximately $202,000. DekaBank Deutsche Girozentrale bought a new stake in shares of H&E Equipment Services during the third quarter valued at approximately $228,000. Advisor Resource Council acquired a new position in shares of H&E Equipment Services during the fourth quarter worth approximately $306,000. Finally, Crestwood Advisors Group LLC bought a new position in shares of H&E Equipment Services in the 4th quarter worth $366,000. 84.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HEES has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of H&E Equipment Services from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Stifel Nicolaus boosted their target price on shares of H&E Equipment Services from $59.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, StockNews.com raised shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st.

H&E Equipment Services Stock Up 1.0 %

HEES traded up $0.57 during mid-day trading on Monday, reaching $59.22. 260,038 shares of the stock were exchanged, compared to its average volume of 211,046. H&E Equipment Services, Inc. has a 1 year low of $32.33 and a 1 year high of $66.18. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.74 and a current ratio of 1.05. The stock has a market capitalization of $2.16 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.82 and a beta of 1.95. The company has a 50 day moving average price of $59.53 and a two-hundred day moving average price of $52.12.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.25. The business had revenue of $385.80 million for the quarter, compared to analysts’ expectations of $382.58 million. H&E Equipment Services had a net margin of 11.52% and a return on equity of 36.72%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 earnings per share. As a group, research analysts anticipate that H&E Equipment Services, Inc. will post 5.02 EPS for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Thursday, February 22nd. H&E Equipment Services’s payout ratio is 23.55%.

Insider Buying and Selling

In other H&E Equipment Services news, CEO Bradley W. Barber sold 9,615 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $57.80, for a total value of $555,747.00. Following the completion of the transaction, the chief executive officer now owns 223,127 shares in the company, valued at approximately $12,896,740.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other H&E Equipment Services news, CEO Bradley W. Barber sold 9,615 shares of H&E Equipment Services stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $57.80, for a total value of $555,747.00. Following the sale, the chief executive officer now owns 223,127 shares of the company’s stock, valued at $12,896,740.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bradley W. Barber sold 11,483 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $63.42, for a total transaction of $728,251.86. Following the transaction, the chief executive officer now directly owns 210,170 shares of the company’s stock, valued at $13,328,981.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,800 shares of company stock worth $4,534,789. 12.50% of the stock is owned by company insiders.

H&E Equipment Services Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.