H&E Equipment Services, Inc. (NASDAQ:HEES) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEESFree Report) by 62.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 353,611 shares of the industrial products company’s stock after buying an additional 136,504 shares during the quarter. Assenagon Asset Management S.A.’s holdings in H&E Equipment Services were worth $18,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of HEES. Bank of America Corp DE grew its holdings in H&E Equipment Services by 169.7% during the first quarter. Bank of America Corp DE now owns 903,353 shares of the industrial products company’s stock worth $39,955,000 after acquiring an additional 568,416 shares during the period. Norges Bank acquired a new position in H&E Equipment Services during the fourth quarter worth $17,019,000. BlackRock Inc. grew its holdings in H&E Equipment Services by 11.4% in the second quarter. BlackRock Inc. now owns 2,810,697 shares of the industrial products company’s stock valued at $128,589,000 after purchasing an additional 287,077 shares during the last quarter. Guggenheim Capital LLC grew its holdings in H&E Equipment Services by 201.3% in the first quarter. Guggenheim Capital LLC now owns 247,550 shares of the industrial products company’s stock valued at $10,773,000 after purchasing an additional 165,397 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in H&E Equipment Services by 55.8% in the second quarter. Nuveen Asset Management LLC now owns 295,790 shares of the industrial products company’s stock valued at $13,532,000 after purchasing an additional 105,933 shares during the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HEES. Stifel Nicolaus increased their price objective on H&E Equipment Services from $59.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. StockNews.com raised H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Finally, Wells Fargo & Company increased their price objective on H&E Equipment Services from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd.

Read Our Latest Analysis on HEES

H&E Equipment Services Stock Up 2.5 %

HEES opened at $64.62 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 2.33. The firm has a market cap of $2.36 billion, a P/E ratio of 13.84, a PEG ratio of 0.87 and a beta of 1.94. H&E Equipment Services, Inc. has a 52 week low of $32.33 and a 52 week high of $64.67. The business’s fifty day simple moving average is $55.93 and its 200 day simple moving average is $49.13.

H&E Equipment Services (NASDAQ:HEESGet Free Report) last released its earnings results on Thursday, February 22nd. The industrial products company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.25. H&E Equipment Services had a return on equity of 36.72% and a net margin of 11.52%. The firm had revenue of $385.80 million for the quarter, compared to the consensus estimate of $382.58 million. During the same period in the prior year, the business posted $1.41 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities research analysts anticipate that H&E Equipment Services, Inc. will post 5.02 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a dividend of $0.275 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.10 annualized dividend and a yield of 1.70%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 23.55%.

Insider Buying and Selling

In related news, CEO Bradley W. Barber sold 11,483 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $63.42, for a total transaction of $728,251.86. Following the transaction, the chief executive officer now directly owns 210,170 shares in the company, valued at $13,328,981.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Bradley W. Barber sold 9,615 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $57.80, for a total value of $555,747.00. Following the transaction, the chief executive officer now directly owns 223,127 shares in the company, valued at approximately $12,896,740.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Bradley W. Barber sold 11,483 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $63.42, for a total value of $728,251.86. Following the completion of the transaction, the chief executive officer now owns 210,170 shares in the company, valued at $13,328,981.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,800 shares of company stock worth $4,534,789. 12.60% of the stock is owned by company insiders.

About H&E Equipment Services

(Free Report)

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.

See Also

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:HEESFree Report).

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

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