H&E Equipment Services, Inc. (NASDAQ:HEES) Stake Boosted by Bridgewater Associates LP

Bridgewater Associates LP grew its stake in shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Free Report) by 65.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,736 shares of the industrial products company's stock after purchasing an additional 47,065 shares during the quarter. Bridgewater Associates LP owned approximately 0.32% of H&E Equipment Services worth $5,813,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Meeder Asset Management Inc. increased its holdings in shares of H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 220 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of H&E Equipment Services by 2.4% during the fourth quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company's stock valued at $601,000 after purchasing an additional 282 shares during the period. Swiss National Bank increased its holdings in shares of H&E Equipment Services by 0.6% during the fourth quarter. Swiss National Bank now owns 64,600 shares of the industrial products company's stock valued at $3,163,000 after purchasing an additional 400 shares during the period. Diversified Trust Co increased its holdings in shares of H&E Equipment Services by 5.7% during the fourth quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock valued at $520,000 after purchasing an additional 574 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of H&E Equipment Services by 1.7% during the fourth quarter. Rhumbline Advisers now owns 45,678 shares of the industrial products company's stock valued at $2,236,000 after purchasing an additional 745 shares during the period. 84.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HEES. 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. StockNews.com started coverage on H&E Equipment Services in a report on Tuesday. They set a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Price Performance

NASDAQ:HEES traded up $1.46 during mid-day trading on Wednesday, reaching $90.76. 234,717 shares of the stock were exchanged, compared to its average volume of 536,778. The business has a fifty day moving average price of $93.94 and a 200 day moving average price of $73.23. The firm has a market capitalization of $3.33 billion, a PE ratio of 23.04 and a beta of 1.74. H&E Equipment Services, Inc. has a 1-year low of $40.93 and a 1-year high of $101.28. 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 (NASDAQ:HEES - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.18. The firm had revenue of $384.08 million for the quarter, compared to analysts' expectations of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. Research 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 declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.21%. H&E Equipment Services's dividend payout ratio is currently 32.64%.

H&E Equipment Services 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.