Vaughan Nelson Investment Management L.P. bought a new stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 587,817 shares of the industrial products company's stock, valued at approximately $28,780,000. Vaughan Nelson Investment Management L.P. owned 1.61% of H&E Equipment Services at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings 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 acquiring an additional 126,244 shares in the last quarter. Bridgewater Associates LP acquired a new position in shares of H&E Equipment Services during the third quarter worth $3,489,000. Two Sigma Advisers LP increased its holdings in H&E Equipment Services by 36.4% in the third quarter. Two Sigma Advisers LP now owns 237,785 shares of the industrial products company's stock valued at $11,575,000 after buying an additional 63,500 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in H&E Equipment Services in the second quarter valued at $2,793,000. Finally, TT International Asset Management LTD lifted its holdings in H&E Equipment Services by 715.2% during the 3rd quarter. TT International Asset Management LTD now owns 54,783 shares of the industrial products company's stock worth $2,666,000 after buying an additional 48,063 shares during the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
HEES has been the topic of a number of research analyst reports. StockNews.com started coverage on shares of H&E Equipment Services in a report on Sunday. They set a "hold" rating on the stock. B. Riley restated 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. Finally, UBS Group reiterated a "neutral" rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $69.25.
View Our Latest Stock Analysis on HEES
H&E Equipment Services Stock Performance
Shares of HEES traded up $0.65 during mid-day trading on Wednesday, hitting $87.51. 940,613 shares of the company's stock were exchanged, compared to its average volume of 1,410,943. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services, Inc. has a fifty-two week low of $40.92 and a fifty-two week high of $90.66. The business's 50 day moving average is $66.87 and its two-hundred day moving average is $56.39. The firm has a market capitalization of $3.20 billion, a P/E ratio of 22.21 and a beta of 1.93.
H&E Equipment Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, February 18th. H&E Equipment Services's payout ratio is currently 27.92%.
About H&E Equipment Services
(
Free Report)
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.
Further Reading
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