Hsbc Holdings PLC Sells 926 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Hsbc Holdings PLC lowered its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,332 shares of the industrial products company’s stock after selling 926 shares during the quarter. Hsbc Holdings PLC’s holdings in H&E Equipment Services were worth $646,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HEES. Norges Bank acquired a new stake in H&E Equipment Services during the fourth quarter valued at approximately $11,827,000. Assenagon Asset Management S.A. lifted its position in shares of H&E Equipment Services by 62.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 353,611 shares of the industrial products company’s stock worth $18,501,000 after buying an additional 136,504 shares during the period. Shelton Capital Management lifted its position in shares of H&E Equipment Services by 199.4% during the 3rd quarter. Shelton Capital Management now owns 150,168 shares of the industrial products company’s stock worth $6,486,000 after buying an additional 100,008 shares during the period. Foundry Partners LLC acquired a new stake in H&E Equipment Services in the 4th quarter valued at $4,000,000. Finally, Invesco Ltd. grew its position in H&E Equipment Services by 5.8% in the third quarter. Invesco Ltd. now owns 1,355,880 shares of the industrial products company’s stock valued at $58,560,000 after acquiring an additional 74,699 shares during the period. Institutional investors and hedge funds own 84.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Finally, StockNews.com downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Thursday.

H&E Equipment Services Price Performance

HEES traded down $0.40 during midday trading on Friday, hitting $46.65. The company had a trading volume of 446,492 shares, compared to its average volume of 330,937. H&E Equipment Services, Inc. has a twelve month low of $32.33 and a twelve month high of $66.18. The company has a market capitalization of $1.70 billion, a PE ratio of 9.99, a P/E/G ratio of 1.73 and a beta of 1.98. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.74 and a current ratio of 0.85. The firm’s 50-day simple moving average is $59.01 and its 200-day simple moving average is $52.23.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. The company had revenue of $371.20 million during the quarter, compared to analyst estimates of $352.52 million. During the same period in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts predict that H&E Equipment Services, Inc. will post 4.08 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.36%. The ex-dividend date was Thursday, February 22nd. H&E Equipment Services’s dividend payout ratio is 23.55%.

Insider Buying and Selling

In other H&E Equipment Services news, CEO Bradley W. Barber sold 1,092 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $63.42, for a total transaction of $69,254.64. Following the transaction, the chief executive officer now directly owns 209,078 shares in the company, valued at approximately $13,259,726.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Bradley W. Barber sold 1,092 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $63.42, for a total value of $69,254.64. Following the transaction, the chief executive officer now owns 209,078 shares of the company’s stock, valued at approximately $13,259,726.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Bradley W. Barber sold 11,483 shares of H&E Equipment Services stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $63.42, for a total value of $728,251.86. Following the sale, 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. Insiders sold a total of 75,800 shares of company stock worth $4,534,789 over the last three months. 12.50% of the stock is currently owned by company insiders.

H&E Equipment Services Company 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.