H&E Equipment Services, Inc. (HEES) Stake Increased by Putnam Investments LLC

Putnam Investments LLC raised its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 15.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,704 shares of the industrial products company’s stock after buying an additional 7,228 shares during the period. Putnam Investments LLC owned about 0.15% of H&E Equipment Services worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HEES. Wells Fargo & Company MN increased its holdings in shares of H&E Equipment Services by 71.3% during the first quarter. Wells Fargo & Company MN now owns 174,102 shares of the industrial products company’s stock worth $6,702,000 after buying an additional 72,454 shares in the last quarter. Swiss National Bank increased its holdings in shares of H&E Equipment Services by 4.1% during the first quarter. Swiss National Bank now owns 55,800 shares of the industrial products company’s stock worth $2,148,000 after buying an additional 2,200 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of H&E Equipment Services by 1.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 299,632 shares of the industrial products company’s stock worth $11,533,000 after buying an additional 3,112 shares in the last quarter. Federated Investors Inc. PA increased its holdings in shares of H&E Equipment Services by 72.9% during the first quarter. Federated Investors Inc. PA now owns 68,974 shares of the industrial products company’s stock worth $2,655,000 after buying an additional 29,076 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of H&E Equipment Services by 4.6% during the first quarter. JPMorgan Chase & Co. now owns 879,683 shares of the industrial products company’s stock worth $33,859,000 after buying an additional 39,010 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

In other H&E Equipment Services news, CEO John Engquist sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $40.05, for a total value of $84,105.00. Following the transaction, the chief executive officer now directly owns 2,512,191 shares of the company’s stock, valued at $100,613,249.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.70% of the stock is currently owned by company insiders.

Several analysts have recently commented on the stock. BidaskClub cut shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. UBS Group raised shares of H&E Equipment Services from a “sell” rating to a “neutral” rating and set a $18.00 price target on the stock in a research note on Wednesday, June 27th. ValuEngine cut shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Zacks Investment Research raised shares of H&E Equipment Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, Bank of America decreased their price target on shares of H&E Equipment Services from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.40.

HEES opened at $37.12 on Thursday. H&E Equipment Services, Inc. has a one year low of $27.46 and a one year high of $44.24. The company has a current ratio of 0.92, a quick ratio of 0.50 and a debt-to-equity ratio of 4.12. The company has a market cap of $1.31 billion, a PE ratio of 15.51, a P/E/G ratio of 0.95 and a beta of 2.52.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.14. H&E Equipment Services had a net margin of 11.08% and a return on equity of 42.25%. The business had revenue of $310.40 million for the quarter, compared to analysts’ expectations of $282.25 million. During the same period in the prior year, the firm earned $0.28 earnings per share. H&E Equipment Services’s revenue was up 24.5% compared to the same quarter last year. equities analysts anticipate that H&E Equipment Services, Inc. will post 2.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Tuesday, August 21st were paid a $0.275 dividend. The ex-dividend date was Monday, August 20th. This represents a $1.10 dividend on an annualized basis and a yield of 2.96%. H&E Equipment Services’s payout ratio is presently 31.61%.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company. The company rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.

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Institutional Ownership by Quarter for H&E Equipment Services (NASDAQ:HEES)

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