Jennison Associates LLC Acquires Shares of 10,170 H&E Equipment Services, Inc. (NASDAQ:HEES)

Jennison Associates LLC purchased a new stake in H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 10,170 shares of the industrial products company's stock, valued at approximately $498,000.

A number of other large investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. increased its stake in H&E Equipment Services by 186.0% in the third quarter. Assenagon Asset Management S.A. now owns 194,102 shares of the industrial products company's stock valued at $9,449,000 after purchasing an additional 126,244 shares during the last quarter. Millennium Management LLC grew its holdings in H&E Equipment Services by 200.6% in the 2nd quarter. Millennium Management LLC now owns 133,554 shares of the industrial products company's stock valued at $5,899,000 after buying an additional 89,128 shares during the period. Bridgewater Associates LP acquired a new position in shares of H&E Equipment Services during the 3rd quarter valued at about $3,489,000. Two Sigma Advisers LP lifted its holdings in shares of H&E Equipment Services by 36.4% during the 3rd quarter. Two Sigma Advisers LP now owns 237,785 shares of the industrial products company's stock worth $11,575,000 after acquiring an additional 63,500 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of H&E Equipment Services in the second quarter worth approximately $2,793,000. Hedge funds and other institutional investors own 84.08% of the company's stock.

H&E Equipment Services Trading Up 0.1 %

Shares of H&E Equipment Services stock traded up $0.06 during trading hours on Tuesday, hitting $86.86. The company's stock had a trading volume of 888,745 shares, compared to its average volume of 1,424,461. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $3.18 billion, a PE ratio of 22.05 and a beta of 1.93. The business has a fifty day moving average of $66.30 and a 200 day moving average of $56.15. H&E Equipment Services, Inc. has a 1-year low of $40.92 and a 1-year high of $90.66.

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.27%. The ex-dividend date is Tuesday, February 18th. H&E Equipment Services's dividend payout ratio (DPR) is presently 27.92%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HEES. UBS Group reaffirmed a "neutral" rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com started coverage on H&E Equipment Services in a report on Sunday. They set a "hold" rating for the company. Finally, B. Riley reiterated a "buy" rating and issued a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $69.25.

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.