Semanteon Capital Management LP Takes Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Semanteon Capital Management LP purchased a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,793 shares of the industrial products company’s stock, valued at approximately $879,000.

Several other hedge funds have also made changes to their positions in the company. Americana Partners LLC lifted its holdings 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 worth $261,000 after acquiring an additional 205 shares during the last quarter. Arizona State Retirement System lifted its holdings 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 worth $479,000 after acquiring an additional 347 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of H&E Equipment Services by 0.5% in the 3rd quarter. Kennedy Capital Management LLC now owns 89,598 shares of the industrial products company’s stock worth $3,870,000 after acquiring an additional 462 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of H&E Equipment Services by 1.7% in the 3rd quarter. Federated Hermes Inc. now owns 66,404 shares of the industrial products company’s stock worth $2,868,000 after acquiring an additional 1,085 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of H&E Equipment Services by 12.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,618 shares of the industrial products company’s stock worth $556,000 after acquiring an additional 1,137 shares during the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Analyst Ratings Changes

HEES has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Stifel Nicolaus increased their target price on shares of H&E Equipment Services from $59.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, StockNews.com upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st.

H&E Equipment Services Stock Up 0.1 %

Shares of HEES traded up $0.08 during midday trading on Friday, reaching $58.65. The stock had a trading volume of 141,324 shares, compared to its average volume of 210,441. H&E Equipment Services, Inc. has a 1-year low of $32.33 and a 1-year high of $66.18. The company’s fifty day simple moving average is $59.46 and its two-hundred day simple moving average is $51.87. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 0.82 and a beta of 1.95. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.05 and a quick ratio of 0.74.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.25. H&E Equipment Services had a net margin of 11.52% and a return on equity of 36.72%. The business had revenue of $385.80 million for the quarter, compared to analyst estimates of $382.58 million. During the same period last year, the business earned $1.41 EPS. The company’s revenue was up 9.2% on a year-over-year basis. Equities research analysts expect that H&E Equipment Services, Inc. will post 5.02 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were issued a $0.275 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.88%. H&E Equipment Services’s payout ratio is 23.55%.

Insider Activity

In related news, CEO Bradley W. Barber sold 1,092 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $63.42, for a total value of $69,254.64. Following the transaction, the chief executive officer now directly owns 209,078 shares of the company’s stock, valued at approximately $13,259,726.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other H&E Equipment Services news, CEO Bradley W. Barber sold 23,100 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $60.53, for a total transaction of $1,398,243.00. Following the transaction, the chief executive officer now directly owns 221,653 shares of the company’s stock, valued at approximately $13,416,656.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bradley W. Barber sold 1,092 shares of H&E Equipment Services stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $63.42, for a total transaction of $69,254.64. Following the completion of the sale, the chief executive officer now directly owns 209,078 shares in the company, valued at approximately $13,259,726.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,800 shares of company stock worth $4,534,789. 12.50% of the stock is currently owned by corporate insiders.

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.