Bridgeway Capital Management Inc. Has $3.02 Million Holdings in H&E Equipment Services, Inc. (HEES)

Bridgeway Capital Management Inc. lessened its holdings in H&E Equipment Services, Inc. (NASDAQ:HEES) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,900 shares of the industrial products company’s stock after selling 11,000 shares during the quarter. Bridgeway Capital Management Inc. owned 0.22% of H&E Equipment Services worth $3,019,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Divergent Wealth Advisors LLC bought a new stake in H&E Equipment Services in the 3rd quarter valued at $101,000. OppenheimerFunds Inc. bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth about $202,000. WINTON GROUP Ltd bought a new stake in shares of H&E Equipment Services in the 3rd quarter worth about $230,000. Bank of Montreal Can bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth about $265,000. Finally, Baird Financial Group Inc. bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth about $292,000. 75.47% of the stock is currently owned by hedge funds and other institutional investors.

HEES has been the topic of several analyst reports. BidaskClub lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. ValuEngine lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Finally, Macquarie set a $25.00 target price on shares of H&E Equipment Services and gave the stock a “hold” rating in a report on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $37.80.

HEES opened at $22.15 on Monday. The company has a debt-to-equity ratio of 3.93, a quick ratio of 0.52 and a current ratio of 0.81. H&E Equipment Services, Inc. has a twelve month low of $19.57 and a twelve month high of $44.24. The stock has a market capitalization of $791.52 million, a PE ratio of 10.07, a PEG ratio of 0.77 and a beta of 2.85.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Thursday, October 25th. The industrial products company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.03). H&E Equipment Services had a return on equity of 35.00% and a net margin of 11.58%. The firm had revenue of $322.14 million during the quarter, compared to the consensus estimate of $301.40 million. Analysts expect that H&E Equipment Services, Inc. will post 2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Monday, November 19th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $1.10 annualized dividend and a yield of 4.97%. H&E Equipment Services’s dividend payout ratio (DPR) is 31.61%.

In related news, Director Paul Arnold purchased 10,000 shares of H&E Equipment Services stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average price of $20.50 per share, for a total transaction of $205,000.00. Following the transaction, the director now directly owns 58,204 shares in the company, valued at $1,193,182. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.70% of the stock is owned by corporate insiders.

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H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company. The company rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.

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

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