H&E Equipment Services, Inc. (NASDAQ:HEES) Given Consensus Rating of “Hold” by Analysts

H&E Equipment Services, Inc. (NASDAQ:HEES) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $71.33.

HEES has been the subject of several research reports. StockNews.com began coverage on shares of H&E Equipment Services in a research report on Saturday. They issued a “hold” rating for the company. UBS Group reiterated a “neutral” rating and issued a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th.

Institutional Trading of H&E Equipment Services

A number of hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. raised its position in shares of H&E Equipment Services by 17.8% in the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 220 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in H&E Equipment Services by 2.4% in the fourth quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company’s stock worth $601,000 after purchasing an additional 282 shares in the last quarter. Swiss National Bank lifted its position 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 buying an additional 400 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of H&E Equipment Services by 5.7% in the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock valued at $520,000 after buying an additional 574 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of H&E Equipment Services by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company’s stock valued at $6,408,000 after buying an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Trading Down 0.1 %

HEES opened at $95.43 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The stock’s 50 day moving average price is $92.39 and its 200-day moving average price is $67.42. H&E Equipment Services has a one year low of $40.93 and a one year high of $101.28. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 24.22 and a beta of 1.94.

H&E Equipment Services (NASDAQ:HEES) last released its 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 business had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. On average, equities analysts forecast that H&E Equipment Services will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.275 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.15%. H&E Equipment Services’s dividend payout ratio is presently 32.64%.

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.