H&E Equipment Services’ (HEES) Buy Rating Reiterated at B. Riley

B. Riley reaffirmed their buy rating on shares of H&E Equipment Services (NASDAQ:HEES) in a research report report published on Wednesday morning, Benzinga reports. B. Riley currently has a $60.00 price target on the industrial products company’s stock, down from their previous price target of $62.00. B. Riley also issued estimates for H&E Equipment Services’ Q4 2024 earnings at $0.82 EPS, FY2024 earnings at $3.29 EPS and FY2025 earnings at $3.62 EPS.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus reduced their target price on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. UBS Group decreased their target price on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, KeyCorp initiated coverage on H&E Equipment Services in a research note on Friday, August 9th. They set a “sector weight” rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.25.

H&E Equipment Services Stock Down 0.7 %

NASDAQ HEES opened at $51.90 on Wednesday. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 11.93 and a beta of 1.82. H&E Equipment Services has a 1-year low of $40.92 and a 1-year high of $66.18. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. The company has a 50 day moving average of $49.06 and a 200-day moving average of $48.37.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. During the same quarter in the previous year, the company earned $1.46 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts expect that H&E Equipment Services will post 3.34 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th were given a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.10 annualized dividend and a yield of 2.12%. H&E Equipment Services’s dividend payout ratio is presently 27.92%.

Institutional Trading of H&E Equipment Services

Several hedge funds and other institutional investors have recently made changes to their positions in HEES. Point72 Asia Singapore Pte. Ltd. acquired a new stake in H&E Equipment Services in the second quarter valued at $37,000. CWM LLC increased its stake in shares of H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after buying an additional 278 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of H&E Equipment Services during the first quarter worth about $62,000. Meeder Asset Management Inc. acquired a new position in shares of H&E Equipment Services in the second quarter worth approximately $65,000. Finally, Quest Partners LLC bought a new stake in H&E Equipment Services in the second quarter valued at approximately $109,000. 84.08% of the stock is currently owned by institutional investors.

H&E Equipment Services Company Profile

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.