Pertento Partners LLP Has $50.43 Million Stock Position in H&E Equipment Services, Inc. (NASDAQ:HEES)

Pertento Partners LLP increased its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES) by 13.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,030,094 shares of the industrial products company’s stock after buying an additional 119,151 shares during the quarter. H&E Equipment Services makes up approximately 4.3% of Pertento Partners LLP’s investment portfolio, making the stock its 9th largest position. Pertento Partners LLP’s holdings in H&E Equipment Services were worth $50,433,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of H&E Equipment Services during the 4th quarter worth approximately $5,111,000. JPMorgan Chase & Co. increased its position in H&E Equipment Services by 164.2% in the fourth quarter. JPMorgan Chase & Co. now owns 74,184 shares of the industrial products company’s stock worth $3,632,000 after buying an additional 46,105 shares during the last quarter. Banco BTG Pactual S.A. bought a new stake in shares of H&E Equipment Services in the fourth quarter valued at $338,000. EFG Asset Management North America Corp. raised its stake in shares of H&E Equipment Services by 143.5% in the fourth quarter. EFG Asset Management North America Corp. now owns 50,484 shares of the industrial products company’s stock valued at $2,470,000 after buying an additional 29,750 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of H&E Equipment Services during the 4th quarter valued at $313,000. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Trading Down 0.1 %

H&E Equipment Services stock opened at $95.43 on Friday. The stock has a market cap of $3.50 billion, a P/E ratio of 24.22 and a beta of 1.94. H&E Equipment Services, Inc. has a fifty-two week low of $40.93 and a fifty-two week high of $101.28. The firm’s fifty day moving average price is $92.39 and its 200-day moving average price is $67.25. 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 (NASDAQ:HEES) last released its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $372.50 million. Equities research analysts forecast that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued 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 was Tuesday, February 18th. H&E Equipment Services’s payout ratio is 32.64%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HEES shares. UBS Group restated a “neutral” rating and issued a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com began coverage on shares of H&E Equipment Services in a report on Saturday. They issued a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Company 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.