Allianz Asset Management GmbH Raises Stake in H&E Equipment Services, Inc. (NASDAQ:HEES)

Allianz Asset Management GmbH increased its stake in H&E Equipment Services, Inc. (NASDAQ:HEESFree Report) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,064 shares of the industrial products company’s stock after purchasing an additional 2,474 shares during the quarter. Allianz Asset Management GmbH owned 0.15% of H&E Equipment Services worth $2,881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. increased its holdings in H&E Equipment Services by 5.8% in the third quarter. Invesco Ltd. now owns 1,355,880 shares of the industrial products company’s stock valued at $58,560,000 after buying an additional 74,699 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in H&E Equipment Services by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,582 shares of the industrial products company’s stock valued at $23,313,000 after purchasing an additional 4,978 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in H&E Equipment Services by 62.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 353,611 shares of the industrial products company’s stock valued at $18,501,000 after purchasing an additional 136,504 shares in the last quarter. Deutsche Bank AG raised its holdings in H&E Equipment Services by 6.6% during the third quarter. Deutsche Bank AG now owns 241,060 shares of the industrial products company’s stock worth $10,411,000 after purchasing an additional 14,921 shares during the last quarter. Finally, Norges Bank purchased a new stake in H&E Equipment Services during the fourth quarter worth $11,827,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group cut their price target on H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Wells Fargo & Company lifted their target price on shares of H&E Equipment Services from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. StockNews.com lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus cut their price objective on H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.00.

Get Our Latest Report on H&E Equipment Services

H&E Equipment Services Price Performance

NASDAQ:HEES opened at $45.03 on Friday. H&E Equipment Services, Inc. has a 12-month low of $38.06 and a 12-month high of $66.18. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 1.66 and a beta of 1.93. The company’s 50-day moving average is $53.24 and its two-hundred day moving average is $53.03. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 2.26.

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

H&E Equipment Services Dividend Announcement

The firm also recently disclosed 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 2.44%. The ex-dividend date of this dividend is Thursday, May 30th. H&E Equipment Services’s dividend payout ratio is currently 23.55%.

Insider Activity at H&E Equipment Services

In other H&E Equipment Services news, 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 sale, the chief executive officer now directly owns 210,170 shares of the company’s stock, valued at approximately $13,328,981.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Bradley W. Barber sold 11,483 shares of the stock in a transaction dated Friday, March 22nd. The shares were 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 approximately $13,328,981.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary W. Bagley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $56.34, for a total transaction of $281,700.00. Following the completion of the sale, the director now owns 59,151 shares of the company’s stock, valued at $3,332,567.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,900 shares of company stock worth $2,979,010. 12.50% of the stock is currently owned by insiders.

H&E Equipment Services Profile

(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.

Further Reading

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)

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.