AQR Capital Management LLC lowered its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 23.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,330 shares of the industrial products company’s stock after selling 3,383 shares during the quarter. AQR Capital Management LLC’s holdings in H&E Equipment Services were worth $330,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new position in shares of H&E Equipment Services during the second quarter worth approximately $91,000. Envestnet Asset Management Inc. acquired a new position in shares of H&E Equipment Services during the second quarter worth approximately $213,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of H&E Equipment Services during the first quarter worth approximately $321,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of H&E Equipment Services during the second quarter worth approximately $362,000. Finally, Strs Ohio lifted its holdings in shares of H&E Equipment Services by 7.6% during the second quarter. Strs Ohio now owns 18,500 shares of the industrial products company’s stock worth $538,000 after buying an additional 1,300 shares during the last quarter. 73.02% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ HEES opened at $28.19 on Friday. The business has a fifty day simple moving average of $26.66 and a 200 day simple moving average of $27.31. The company has a current ratio of 0.69, a quick ratio of 0.43 and a debt-to-equity ratio of 3.43. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.00 and a beta of 2.93. H&E Equipment Services, Inc. has a one year low of $18.12 and a one year high of $33.24.
H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Thursday, July 25th. The industrial products company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The business had revenue of $333.60 million during the quarter, compared to analyst estimates of $337.96 million. H&E Equipment Services had a return on equity of 32.17% and a net margin of 6.33%. H&E Equipment Services’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. On average, research analysts anticipate that H&E Equipment Services, Inc. will post 2.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a $0.275 dividend. The ex-dividend date was Monday, August 26th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.90%. H&E Equipment Services’s payout ratio is 51.64%.
A number of research analysts have recently commented on the company. ValuEngine upgraded H&E Equipment Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub upgraded H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. Finally, Zacks Investment Research lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $31.40.
H&E Equipment Services Profile
H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.
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