Emerald Mutual Fund Advisers Trust Takes $11.43 Million Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Emerald Mutual Fund Advisers Trust bought a new position in H&E Equipment Services, Inc. (NASDAQ:HEES) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 391,386 shares of the industrial products company’s stock, valued at approximately $11,428,000. Emerald Mutual Fund Advisers Trust owned approximately 1.11% of H&E Equipment Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in shares of H&E Equipment Services by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 5,014 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 461 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of H&E Equipment Services by 4.3% during the second quarter. Legal & General Group Plc now owns 7,752 shares of the industrial products company’s stock valued at $157,000 after acquiring an additional 317 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of H&E Equipment Services by 304.2% during the second quarter. BNP Paribas Arbitrage SA now owns 7,801 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 5,871 shares in the last quarter. Wrapmanager Inc. increased its holdings in shares of H&E Equipment Services by 3.9% during the second quarter. Wrapmanager Inc. now owns 10,306 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 391 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in H&E Equipment Services in the first quarter valued at approximately $230,000. Institutional investors and hedge funds own 76.19% of the company’s stock.

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) traded down $0.18 during trading hours on Friday, hitting $33.86. The stock had a trading volume of 124,900 shares, compared to its average volume of 349,673. H&E Equipment Services, Inc. has a 52-week low of $15.23 and a 52-week high of $34.46. The stock has a market cap of $1,207.04, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.36 and a beta of 2.88. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 5.29.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.32. H&E Equipment Services had a return on equity of 38.83% and a net margin of 3.69%. The firm had revenue of $259.16 million during the quarter, compared to the consensus estimate of $252.94 million. During the same period in the prior year, the company earned $0.33 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. analysts forecast that H&E Equipment Services, Inc. will post 1.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 20th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, November 17th. H&E Equipment Services’s dividend payout ratio is currently 107.84%.

HEES has been the topic of a number of recent research reports. Bank of America Corporation initiated coverage on H&E Equipment Services in a research report on Tuesday, September 26th. They issued a “buy” rating and a $33.00 target price on the stock. UBS AG upped their target price on H&E Equipment Services from $16.00 to $17.00 and gave the company a “sell” rating in a research report on Friday, October 27th. BidaskClub lowered H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating on shares of H&E Equipment Services in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $29.50.

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H&E Equipment Services Profile

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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

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