Assenagon Asset Management S.A. Sells 188,712 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Assenagon Asset Management S.A. cut its holdings in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 97.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,390 shares of the industrial products company's stock after selling 188,712 shares during the period. Assenagon Asset Management S.A.'s holdings in H&E Equipment Services were worth $264,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in shares of H&E Equipment Services by 7.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company's stock valued at $408,000 after purchasing an additional 555 shares during the period. Diversified Trust Co raised its stake in H&E Equipment Services by 5.7% during the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock worth $520,000 after acquiring an additional 574 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in H&E Equipment Services by 3.5% during the second quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company's stock valued at $810,000 after purchasing an additional 627 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of H&E Equipment Services by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company's stock worth $4,896,000 after purchasing an additional 664 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of H&E Equipment Services in the second quarter worth $37,000. 84.08% of the stock is currently owned by institutional investors.

H&E Equipment Services Price Performance

HEES traded down $0.26 during trading on Friday, hitting $88.50. 1,102,326 shares of the company traded hands, compared to its average volume of 1,317,806. The company has a market cap of $3.24 billion, a PE ratio of 22.46 and a beta of 1.88. H&E Equipment Services, Inc. has a 1 year low of $40.92 and a 1 year high of $90.66. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The stock's 50-day simple moving average is $59.78 and its two-hundred day simple moving average is $53.31.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). The firm had revenue of $384.86 million for the quarter, compared to analysts' expectations of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 EPS. As a group, sell-side analysts anticipate that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, November 29th. H&E Equipment Services's payout ratio is 27.92%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of H&E Equipment Services in a research note on Friday. They set a "hold" rating on the stock. UBS Group reissued a "neutral" rating and set a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Finally, B. Riley reaffirmed a "buy" rating and issued a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $69.25.

About H&E Equipment Services

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.