Sei Investments Co. Invests $560,000 in H&E Equipment Services, Inc. (NASDAQ:HEES)

Sei Investments Co. bought a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES) during the second quarter, HoldingsChannel.com reports. The fund bought 16,820 shares of the industrial products company’s stock, valued at approximately $560,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. increased its stake in H&E Equipment Services by 26.3% in the second quarter. American Century Companies Inc. now owns 98,473 shares of the industrial products company’s stock valued at $3,276,000 after acquiring an additional 20,529 shares during the period. US Bancorp DE increased its stake in H&E Equipment Services by 14,382.4% in the second quarter. US Bancorp DE now owns 29,689 shares of the industrial products company’s stock valued at $988,000 after acquiring an additional 29,484 shares during the period. Envestnet Asset Management Inc. increased its stake in H&E Equipment Services by 72.6% in the second quarter. Envestnet Asset Management Inc. now owns 16,880 shares of the industrial products company’s stock valued at $562,000 after acquiring an additional 7,102 shares during the period. Moody Aldrich Partners LLC increased its stake in H&E Equipment Services by 197.2% in the second quarter. Moody Aldrich Partners LLC now owns 169,259 shares of the industrial products company’s stock valued at $5,631,000 after acquiring an additional 112,309 shares during the period. Finally, Brinker Capital Investments LLC bought a new stake in H&E Equipment Services in the second quarter valued at about $295,000. 70.16% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut shares of H&E Equipment Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 5th.

Shares of H&E Equipment Services stock opened at $35.35 on Friday. The company has a current ratio of 2.77, a quick ratio of 2.08 and a debt-to-equity ratio of 5.15. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 84.17, a P/E/G ratio of 0.62 and a beta of 2.24. H&E Equipment Services, Inc. has a 1-year low of $17.93 and a 1-year high of $41.85. The firm’s 50-day moving average price is $33.20 and its two-hundred day moving average price is $34.92.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, August 3rd. The industrial products company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $315.80 million for the quarter, compared to analysts’ expectations of $300.71 million. H&E Equipment Services had a net margin of 1.28% and a return on equity of 19.16%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. As a group, equities research analysts predict that H&E Equipment Services, Inc. will post 1.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Friday, August 27th were paid a dividend of $0.275 per share. The ex-dividend date was Thursday, August 26th. This represents a $1.10 annualized dividend and a yield of 3.11%. H&E Equipment Services’s dividend payout ratio is 79.14%.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc engages in the provision of equipment services which focused on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment rents construction and industrial equipment.

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

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