Wilmington Savings Fund Society FSB Sells 192 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Wilmington Savings Fund Society FSB decreased its position in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,720 shares of the industrial products company’s stock after selling 192 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in H&E Equipment Services were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HEES. Klein Pavlis & Peasley Financial Inc. raised its holdings in H&E Equipment Services by 28.7% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 15,335 shares of the industrial products company’s stock worth $751,000 after purchasing an additional 3,420 shares during the period. abrdn plc raised its stake in H&E Equipment Services by 4.0% during the 4th quarter. abrdn plc now owns 352,615 shares of the industrial products company’s stock worth $17,264,000 after buying an additional 13,677 shares during the period. Jennison Associates LLC bought a new position in H&E Equipment Services during the fourth quarter worth about $498,000. Access Financial Services Inc. grew its stake in H&E Equipment Services by 20.4% in the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock valued at $1,027,000 after acquiring an additional 3,555 shares during the period. Finally, Harbour Capital Advisors LLC increased its holdings in shares of H&E Equipment Services by 7.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 28,045 shares of the industrial products company’s stock worth $1,370,000 after acquiring an additional 1,935 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Trading Up 0.1 %

NASDAQ HEES opened at $86.86 on Wednesday. H&E Equipment Services, Inc. has a 52 week low of $40.92 and a 52 week high of $90.66. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The stock’s 50 day moving average price is $66.30 and its two-hundred day moving average price is $56.15. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 22.05 and a beta of 1.93.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is presently 27.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HEES shares. B. Riley reiterated a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. StockNews.com initiated coverage on shares of H&E Equipment Services in a research note on Sunday. They issued a “hold” rating on the stock. Finally, UBS Group reissued a “neutral” rating and set a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.25.

About H&E Equipment Services

H&E Equipment Services, Inc engages in the provision of equipment services, which focus 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 focuses on renting construction and industrial equipment.