Bridgewater Associates LP Purchases 47,065 Shares of H&E Equipment Services, Inc. (NASDAQ:HEES)

Bridgewater Associates LP boosted its position in H&E Equipment Services, Inc. (NASDAQ:HEES) by 65.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,736 shares of the industrial products company’s stock after acquiring an additional 47,065 shares during the period. Bridgewater Associates LP owned 0.32% of H&E Equipment Services worth $5,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of H&E Equipment Services by 17.2% during the 4th quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock valued at $104,493,000 after acquiring an additional 313,880 shares during the last quarter. Pertento Partners LLP increased its holdings in H&E Equipment Services by 13.1% in the fourth quarter. Pertento Partners LLP now owns 1,030,094 shares of the industrial products company’s stock valued at $50,433,000 after purchasing an additional 119,151 shares during the last quarter. State Street Corp lifted its stake in H&E Equipment Services by 2.9% in the third quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after buying an additional 21,805 shares during the period. Geode Capital Management LLC boosted its holdings in H&E Equipment Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after buying an additional 4,226 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in H&E Equipment Services by 1,238.8% during the fourth quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company’s stock worth $33,778,000 after buying an additional 638,379 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HEES. UBS Group reiterated a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com assumed coverage on shares of H&E Equipment Services in a research report on Monday. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Trading Up 0.0 %

NASDAQ:HEES opened at $90.73 on Friday. The business’s 50-day simple moving average is $93.78 and its 200-day simple moving average is $72.23. H&E Equipment Services, Inc. has a fifty-two week low of $40.93 and a fifty-two week high of $101.28. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The stock has a market capitalization of $3.33 billion, a PE ratio of 23.03 and a beta of 1.74.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. Sell-side analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s payout ratio is presently 32.64%.

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.