Point72 Asset Management L.P. Has $195,000 Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Point72 Asset Management L.P. lessened its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 13.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the industrial products company’s stock after selling 600 shares during the period. Point72 Asset Management L.P.’s holdings in H&E Equipment Services were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its stake in H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 278 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of H&E Equipment Services by 0.7% during the 2nd quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company’s stock worth $2,047,000 after buying an additional 326 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in H&E Equipment Services by 7.1% in the third quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after buying an additional 555 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in H&E Equipment Services by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company’s stock valued at $810,000 after acquiring an additional 627 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in H&E Equipment Services by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock worth $4,896,000 after acquiring an additional 664 shares in the last quarter. Institutional investors own 84.08% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley restated a “buy” rating and issued a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, H&E Equipment Services currently has a consensus rating of “Moderate Buy” and an average target price of $61.25.

H&E Equipment Services Price Performance

Shares of HEES opened at $55.89 on Friday. The business has a 50-day simple moving average of $55.77 and a two-hundred day simple moving average of $49.71. H&E Equipment Services, Inc. has a 12-month low of $40.92 and a 12-month high of $66.18. The stock has a market cap of $2.05 billion, a PE ratio of 14.19, a PEG ratio of 13.24 and a beta of 1.84. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. During the same quarter last year, the business earned $1.46 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts anticipate that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.275 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 1.97%. H&E Equipment Services’s payout ratio is 27.92%.

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.