Brokerages Set H&E Equipment Services, Inc. (NASDAQ:HEES) PT at $69.25

H&E Equipment Services, Inc. (NASDAQ:HEES) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $69.25.

Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of H&E Equipment Services in a report on Sunday, February 9th. They issued a “hold” rating for the company. 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 report on Friday, January 17th. Finally, B. Riley restated a “buy” rating and issued a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th.

H&E Equipment Services Trading Up 0.1 %

NASDAQ:HEES opened at $87.56 on Friday. The business’s 50-day simple moving average is $68.00 and its 200-day simple moving average is $56.82. H&E Equipment Services has a fifty-two week low of $40.92 and a fifty-two week high of $90.66. 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 $3.20 billion, a PE ratio of 22.22 and a beta of 1.93.

H&E Equipment Services Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, February 18th. H&E Equipment Services’s payout ratio is 27.92%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. increased its position in shares of H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 220 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in H&E Equipment Services during the third quarter worth $84,000. Point72 Asia Singapore Pte. Ltd. raised its position in H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 1,910 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of H&E Equipment Services by 38.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock valued at $190,000 after acquiring an additional 1,166 shares during the period. Finally, L.M. Kohn & Company acquired a new position in shares of H&E Equipment Services during the 3rd quarter worth about $217,000. 84.08% of the stock is owned by institutional investors and hedge funds.

H&E Equipment Services Company 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.