Clearbridge Investments LLC grew its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 0.2% in the fourth quarter, Holdings Channel reports. The fund owned 1,815,450 shares of the industrial products company’s stock after buying an additional 3,954 shares during the quarter. Clearbridge Investments LLC owned about 0.05% of H&E Equipment Services worth $73,798,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Tygh Capital Management Inc. raised its position in H&E Equipment Services by 22.9% in the 4th quarter. Tygh Capital Management Inc. now owns 382,503 shares of the industrial products company’s stock worth $15,549,000 after purchasing an additional 71,210 shares during the last quarter. SG Capital Management LLC bought a new position in H&E Equipment Services in the 4th quarter worth approximately $3,150,000. Acadian Asset Management LLC bought a new position in H&E Equipment Services in the 4th quarter worth approximately $2,328,000. Wealth Advisors of Tampa Bay LLC bought a new position in H&E Equipment Services in the 4th quarter worth approximately $3,657,000. Finally, Mckinley Capital Management LLC Delaware bought a new position in H&E Equipment Services in the 3rd quarter worth approximately $2,814,000. Institutional investors own 75.86% of the company’s stock.
In other news, COO Bradley W. Barber sold 40,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $40.49, for a total value of $1,619,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Engquist sold 35,135 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $42.40, for a total transaction of $1,489,724.00. Following the completion of the transaction, the chief executive officer now directly owns 2,805,295 shares of the company’s stock, valued at approximately $118,944,508. The disclosure for this sale can be found here. Insiders sold a total of 95,135 shares of company stock valued at $3,958,324 in the last three months. 12.30% of the stock is owned by company insiders.
Shares of H&E Equipment Services, Inc. (NASDAQ HEES) opened at $41.72 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 1.96 and a debt-to-equity ratio of 4.36. H&E Equipment Services, Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $44.24. The company has a market cap of $1,534.02, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 1.54 and a beta of 2.52.
H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, February 22nd. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.35. H&E Equipment Services had a net margin of 10.65% and a return on equity of 43.81%. The firm had revenue of $294.67 million during the quarter, compared to analyst estimates of $258.80 million. equities analysts forecast that H&E Equipment Services, Inc. will post 1.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Tuesday, February 27th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Monday, February 26th. H&E Equipment Services’s dividend payout ratio (DPR) is 35.83%.
ILLEGAL ACTIVITY WARNING: This story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/3258938/he-equipment-services-inc-hees-shares-bought-by-clearbridge-investments-llc.html.
About H&E Equipment Services
H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.
Want to see what other hedge funds are holding HEES? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H&E Equipment Services, Inc. (NASDAQ:HEES).
Receive News & Ratings for H&E Equipment Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for H&E Equipment Services and related companies with MarketBeat.com's FREE daily email newsletter.