H&E Equipment Services, Inc. (NASDAQ:HEES) Receives Average Rating of “Moderate Buy” from Analysts

H&E Equipment Services, Inc. (NASDAQ:HEES) has been assigned an average recommendation of “Moderate Buy” from the four research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $63.67.

HEES has been the topic of a number of recent analyst reports. StockNews.com downgraded H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Stifel Nicolaus reduced their price target on H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. UBS Group reduced their price target on H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Finally, Raymond James initiated coverage on H&E Equipment Services in a research report on Friday, June 28th. They set a “market perform” rating on the stock.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds have recently made changes to their positions in the company. CWM LLC increased its position in shares of H&E Equipment Services by 42.5% in the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 278 shares during the period. Fidelis Capital Partners LLC purchased a new stake in H&E Equipment Services in the first quarter valued at $62,000. SG Americas Securities LLC purchased a new stake in H&E Equipment Services in the first quarter valued at $170,000. Bailard Inc. purchased a new stake in H&E Equipment Services in the second quarter valued at $203,000. Finally, Wellington Shields Capital Management LLC purchased a new stake in H&E Equipment Services in the first quarter valued at $205,000. 84.08% of the stock is owned by institutional investors and hedge funds.

H&E Equipment Services Stock Performance

Shares of NASDAQ:HEES opened at $53.27 on Tuesday. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.90 and a beta of 1.89. H&E Equipment Services has a 52 week low of $38.06 and a 52 week high of $66.18. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 2.26. The firm has a 50 day moving average of $46.56 and a 200 day moving average of $52.45.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The business had revenue of $371.20 million during the quarter, compared to the consensus estimate of $352.52 million. H&E Equipment Services had a return on equity of 34.33% and a net margin of 11.17%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. On average, sell-side analysts predict that H&E Equipment Services will post 4.13 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Thursday, May 30th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Thursday, May 30th. H&E Equipment Services’s payout ratio is 23.55%.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.