Amalgamated Bank Reduces Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Amalgamated Bank trimmed its stake in H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,563 shares of the industrial products company’s stock after selling 325 shares during the period. Amalgamated Bank’s holdings in H&E Equipment Services were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Americana Partners LLC grew its position in shares of H&E Equipment Services by 4.3% in the 4th quarter. Americana Partners LLC now owns 4,988 shares of the industrial products company’s stock valued at $261,000 after buying an additional 205 shares during the last quarter. Arizona State Retirement System grew its position in shares of H&E Equipment Services by 3.9% in the 4th quarter. Arizona State Retirement System now owns 9,153 shares of the industrial products company’s stock valued at $479,000 after buying an additional 347 shares during the last quarter. Kennedy Capital Management LLC grew its position in H&E Equipment Services by 0.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 89,598 shares of the industrial products company’s stock worth $3,870,000 after purchasing an additional 462 shares during the last quarter. Federated Hermes Inc. grew its position in H&E Equipment Services by 1.7% during the 3rd quarter. Federated Hermes Inc. now owns 66,404 shares of the industrial products company’s stock worth $2,868,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in H&E Equipment Services by 12.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,618 shares of the industrial products company’s stock worth $556,000 after purchasing an additional 1,137 shares during the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Up 0.5 %

Shares of NASDAQ:HEES opened at $48.44 on Thursday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.79 and a beta of 1.98. The firm’s 50-day simple moving average is $57.01 and its 200-day simple moving average is $52.95. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 2.26. H&E Equipment Services, Inc. has a fifty-two week low of $35.57 and a fifty-two week high of $66.18.

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

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 30th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, May 30th. H&E Equipment Services’s dividend payout ratio (DPR) is 23.55%.

Analyst Ratings Changes

HEES has been the topic of several research reports. 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 research report on Friday, February 23rd. StockNews.com downgraded shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus lowered their price objective on shares of H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st.

Insider Activity at H&E Equipment Services

In related news, CEO Bradley W. Barber sold 1,092 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $63.42, for a total value of $69,254.64. Following the completion of the sale, the chief executive officer now owns 209,078 shares in the company, valued at $13,259,726.76. The sale was disclosed in a document filed 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 15,385 shares of H&E Equipment Services stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $57.54, for a total transaction of $885,252.90. Following the completion of the transaction, the chief executive officer now owns 232,742 shares in the company, valued at $13,391,974.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Bradley W. Barber sold 1,092 shares of H&E Equipment Services stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $63.42, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 75,800 shares of company stock worth $4,534,789 over the last 90 days. Company insiders own 12.50% of the company’s stock.

About H&E Equipment Services

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.