American Century Companies Inc. Acquires 313,880 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

American Century Companies Inc. increased its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 17.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,134,252 shares of the industrial products company’s stock after acquiring an additional 313,880 shares during the quarter. American Century Companies Inc. owned about 5.83% of H&E Equipment Services worth $104,493,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in shares of H&E Equipment Services by 2.9% during the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after purchasing an additional 21,805 shares in the last quarter. Geode Capital Management LLC grew its position in H&E Equipment Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after buying an additional 4,226 shares in the last quarter. Victory Capital Management Inc. increased its stake in H&E Equipment Services by 1,238.8% during the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company’s stock worth $33,778,000 after acquiring an additional 638,379 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in H&E Equipment Services in the 4th quarter valued at $28,780,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of H&E Equipment Services by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company’s stock valued at $27,842,000 after acquiring an additional 41,749 shares during the period. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Price Performance

H&E Equipment Services stock opened at $95.97 on Tuesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. H&E Equipment Services, Inc. has a 52 week low of $40.93 and a 52 week high of $101.28. The stock has a market capitalization of $3.52 billion, a P/E ratio of 24.36 and a beta of 1.94. The stock has a fifty day moving average of $91.87 and a 200-day moving average of $66.11.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. On average, sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services’s payout ratio is 32.64%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com started coverage on H&E Equipment Services in a research report on Friday. They issued a “hold” rating on the stock. UBS Group reissued a “neutral” rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $71.33.

H&E Equipment Services Profile

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.