Amalgamated Bank Has $239,000 Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Amalgamated Bank trimmed its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,563 shares of the industrial products company’s stock after selling 325 shares during the quarter. Amalgamated Bank’s holdings in H&E Equipment Services were worth $239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Penn Mutual Asset Management LLC acquired a new position in shares of H&E Equipment Services in the third quarter worth about $201,000. Americana Partners LLC acquired a new stake in shares of H&E Equipment Services during the third quarter worth approximately $202,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of H&E Equipment Services during the third quarter worth approximately $228,000. Advisor Resource Council acquired a new stake in shares of H&E Equipment Services during the fourth quarter worth approximately $306,000. Finally, Crestwood Advisors Group LLC acquired a new stake in shares of H&E Equipment Services during the fourth quarter worth approximately $366,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Bradley W. Barber sold 1,092 shares of H&E Equipment Services stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $63.42, for a total value of $69,254.64. Following the transaction, the chief executive officer now owns 209,078 shares of the company’s stock, valued at $13,259,726.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Bradley W. Barber sold 11,483 shares of H&E Equipment Services stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $63.42, for a total value of $728,251.86. Following the transaction, the chief executive officer now owns 210,170 shares of the company’s stock, valued at $13,328,981.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Bradley W. Barber sold 1,092 shares of H&E Equipment Services stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $63.42, for a total transaction of $69,254.64. Following the completion of the transaction, the chief executive officer now directly owns 209,078 shares in the company, valued at approximately $13,259,726.76. The disclosure for this sale can be found here. Insiders have sold a total of 75,800 shares of company stock valued at $4,534,789 over the last 90 days. 12.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on HEES shares. Wells Fargo & Company raised their price target on shares of H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. StockNews.com cut shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Stifel Nicolaus cut their price objective on shares of H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st.

H&E Equipment Services Price Performance

Shares of HEES opened at $48.44 on Thursday. The firm has a market cap of $1.77 billion, a PE ratio of 10.37, a PEG ratio of 1.79 and a beta of 1.98. The firm’s 50 day moving average price is $57.01 and its 200 day moving average price is $52.95. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.62 and a current ratio of 0.85. H&E Equipment Services, Inc. has a twelve month low of $35.57 and a twelve month high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. The business had revenue of $371.20 million for the quarter, compared to the consensus estimate of $352.52 million. During the same period in the previous year, the business posted $0.71 EPS. H&E Equipment Services’s revenue was up 15.1% compared to the same quarter last year. As a group, research analysts expect that H&E Equipment Services, Inc. will post 4.08 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 30th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 30th. H&E Equipment Services’s dividend payout ratio is 23.55%.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.