Amica Mutual Insurance Co. Purchases New Holdings in H&E Equipment Services, Inc. (NASDAQ:HEES)

Amica Mutual Insurance Co. acquired a new position in H&E Equipment Services, Inc. (NASDAQ:HEES) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 16,058 shares of the industrial products company’s stock, valued at approximately $840,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HEES. SG Americas Securities LLC purchased a new stake in shares of H&E Equipment Services in the 3rd quarter worth approximately $494,000. Redwood Investments LLC increased its holdings in shares of H&E Equipment Services by 21.9% during the third quarter. Redwood Investments LLC now owns 280,891 shares of the industrial products company’s stock valued at $12,132,000 after acquiring an additional 50,410 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of H&E Equipment Services by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 307,891 shares of the industrial products company’s stock valued at $13,298,000 after acquiring an additional 5,840 shares in the last quarter. Strs Ohio raised its position in shares of H&E Equipment Services by 81.4% in the 3rd quarter. Strs Ohio now owns 7,800 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in H&E Equipment Services by 9.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 309,899 shares of the industrial products company’s stock worth $13,385,000 after purchasing an additional 25,599 shares in the last quarter. Institutional investors own 84.08% of the company’s stock.

Analyst Upgrades and Downgrades

HEES has been the subject of several recent analyst reports. Wells Fargo & Company lifted 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. StockNews.com upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Finally, Stifel Nicolaus increased their target price on H&E Equipment Services from $59.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, February 23rd.

H&E Equipment Services Stock Performance

HEES traded up $0.57 during midday trading on Monday, hitting $59.22. 260,038 shares of the company traded hands, compared to its average volume of 211,046. The company’s 50-day moving average is $59.53 and its 200 day moving average is $52.12. H&E Equipment Services, Inc. has a 52 week low of $32.33 and a 52 week high of $66.18. The firm has a market capitalization of $2.16 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.82 and a beta of 1.95. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 2.33.

H&E Equipment Services (NASDAQ:HEES) last issued 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 company had revenue of $385.80 million for the quarter, compared to the consensus estimate of $382.58 million. During the same quarter in the prior year, the firm earned $1.41 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, research analysts expect that H&E Equipment Services, Inc. will post 5.02 EPS for the current year.

H&E Equipment Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.275 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.86%. H&E Equipment Services’s dividend payout ratio (DPR) is currently 23.55%.

Insider Buying and Selling

In other H&E Equipment Services news, CEO Bradley W. Barber sold 1,092 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Bradley W. Barber sold 1,092 shares of H&E Equipment Services stock in a transaction on Monday, March 25th. The shares were sold at an average price of $63.42, for a total transaction of $69,254.64. Following the transaction, the chief executive officer now owns 209,078 shares in the company, valued at approximately $13,259,726.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley W. Barber sold 15,385 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $57.54, for a total transaction of $885,252.90. Following the sale, the chief executive officer now directly owns 232,742 shares of the company’s stock, valued at approximately $13,391,974.68. The disclosure for this sale can be found here. Insiders sold 75,800 shares of company stock valued at $4,534,789 over the last 90 days. Company insiders own 12.50% of the company’s stock.

About H&E Equipment Services

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.