Wilmington Savings Fund Society FSB Sells 192 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Wilmington Savings Fund Society FSB lowered its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,720 shares of the industrial products company’s stock after selling 192 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in H&E Equipment Services were worth $280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millburn Ridgefield Corp bought a new stake in shares of H&E Equipment Services in the 3rd quarter valued at about $84,000. Point72 Asia Singapore Pte. Ltd. raised its stake in H&E Equipment Services by 227.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,910 shares during the period. L.M. Kohn & Company acquired a new stake in shares of H&E Equipment Services in the third quarter valued at approximately $217,000. Creative Planning acquired a new stake in shares of H&E Equipment Services in the third quarter valued at approximately $254,000. Finally, Americana Partners LLC bought a new position in shares of H&E Equipment Services during the 3rd quarter worth approximately $283,000. Institutional investors own 84.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HEES. B. Riley restated a “buy” rating and issued a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Sunday. They issued a “hold” rating on the stock. Finally, UBS Group reiterated a “neutral” rating and issued a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.25.

H&E Equipment Services Stock Up 0.1 %

HEES opened at $86.86 on Wednesday. The stock has a fifty day moving average of $66.30 and a 200-day moving average of $56.15. The company has a market capitalization of $3.18 billion, a P/E ratio of 22.05 and a beta of 1.93. H&E Equipment Services, Inc. has a fifty-two week low of $40.92 and a fifty-two week high of $90.66. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.27%. The ex-dividend date is Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio (DPR) is 27.92%.

H&E Equipment Services Profile

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.