H&E Equipment Services (NASDAQ:HEES) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a research note released on Thursday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Separately, UBS Group restated a “neutral” rating and issued a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, H&E Equipment Services presently has an average rating of “Hold” and a consensus target price of $71.33.

H&E Equipment Services Trading Up 1.1 %

NASDAQ:HEES opened at $94.01 on Thursday. H&E Equipment Services has a 1 year low of $40.93 and a 1 year high of $101.28. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 23.86 and a beta of 1.94. The business has a fifty day moving average of $85.98 and a 200-day moving average of $63.95. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.08 million during the quarter, compared to analysts’ expectations of $372.50 million. Equities analysts predict that H&E Equipment Services will post 3.25 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is 32.64%.

Institutional Investors Weigh In On H&E Equipment Services

Several hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of H&E Equipment Services by 3,997.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 32,824 shares of the industrial products company’s stock valued at $1,607,000 after purchasing an additional 32,023 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of H&E Equipment Services by 26.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 78,203 shares of the industrial products company’s stock valued at $3,829,000 after purchasing an additional 16,401 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of H&E Equipment Services by 2,576.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock valued at $41,884,000 after purchasing an additional 823,510 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of H&E Equipment Services by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 9,087 shares of the industrial products company’s stock valued at $445,000 after purchasing an additional 2,990 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of H&E Equipment Services by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company’s stock valued at $6,408,000 after purchasing an additional 601 shares during the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

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.