Today: Today, H&E Equipment Services, Inc. (HEES) Position Held by DUPONT CAPITAL MANAGEMENT Corp

Today, H&E Equipment Services, Inc. (HEES) Position Held by DUPONT CAPITAL MANAGEMENT Corp

DUPONT CAPITAL MANAGEMENT Corp continued to hold its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,854 shares of the company’s stock at the end of the third quarter. DUPONT CAPITAL MANAGEMENT Corp owned 0.08% of H&E Equipment Services worth $450,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of H&E Equipment Services by 9,368.6% in the first quarter. JPMorgan Chase & Co. now owns 133,129 shares of the company’s stock valued at $2,334,000 after buying an additional 131,723 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of H&E Equipment Services by 71.1% in the first quarter. Goldman Sachs Group Inc. now owns 115,312 shares of the company’s stock valued at $2,022,000 after buying an additional 47,903 shares during the period. Wellington Management Group LLP increased its stake in shares of H&E Equipment Services by 3.9% in the first quarter. Wellington Management Group LLP now owns 667,344 shares of the company’s stock valued at $11,699,000 after buying an additional 25,169 shares during the period. Stock Yards Bank & Trust Co. purchased a new stake in shares of H&E Equipment Services during the second quarter valued at about $209,000. Finally, Shell Asset Management Co. purchased a new stake in shares of H&E Equipment Services during the second quarter valued at about $819,000. Institutional investors and hedge funds own 72.55% of the company’s stock.

H&E Equipment Services, Inc. (NASDAQ:HEES) traded down 1.18% on Friday, reaching $18.49. 142,319 shares of the company’s stock traded hands. The company’s 50 day moving average is $15.65 and its 200-day moving average is $17.31. The stock has a market cap of $649.94 million, a price-to-earnings ratio of 17.95 and a beta of 2.33. H&E Equipment Services, Inc. has a 52-week low of $10.12 and a 52-week high of $20.83.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, October 27th. The company reported $0.33 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.33. The firm had revenue of $244.70 million for the quarter, compared to analysts’ expectations of $257.16 million. H&E Equipment Services had a net margin of 3.65% and a return on equity of 26.28%. The company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. Equities analysts expect that H&E Equipment Services, Inc. will post $0.97 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 21st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Thursday, November 17th. H&E Equipment Services’s payout ratio is 105.77%.

Separately, Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 2nd.

In related news, Director Paul Arnold bought 5,000 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were purchased at an average cost of $12.82 per share, for a total transaction of $64,100.00. Following the completion of the purchase, the director now directly owns 53,078 shares in the company, valued at $680,459.96. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Sawyer bought 2,000 shares of the company’s stock in a transaction on Friday, September 9th. The stock was bought at an average price of $15.50 per share, for a total transaction of $31,000.00. Following the completion of the purchase, the director now owns 20,550 shares of the company’s stock, valued at $318,525. The disclosure for this purchase can be found here. 12.00% of the stock is currently owned by company insiders.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc is an integrated equipment services company. The Company rents, sells and provides parts and services support for approximately four core categories of specialized equipment, such as hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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