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

StockNews.com assumed coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a research report report published on Saturday morning. The firm issued a hold rating on the industrial products company’s stock.

HEES has been the topic of several other research reports. B. Riley restated a “buy” rating and set a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. UBS Group restated a “neutral” rating and set a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, H&E Equipment Services currently has an average rating of “Hold” and a consensus price target of $69.25.

H&E Equipment Services Price Performance

H&E Equipment Services stock opened at $87.73 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 company has a market cap of $3.21 billion, a price-to-earnings ratio of 22.27 and a beta of 1.93. H&E Equipment Services has a 1 year low of $40.92 and a 1 year high of $90.66. The firm has a 50 day moving average price of $62.93 and a 200 day moving average price of $54.66.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 annualized dividend and a dividend yield of 1.25%. H&E Equipment Services’s dividend payout ratio is currently 27.92%.

Institutional Trading of H&E Equipment Services

Hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of H&E Equipment Services during the second quarter worth $37,000. Millburn Ridgefield Corp purchased a new stake in shares of H&E Equipment Services during the 3rd quarter worth about $84,000. Point72 Asset Management L.P. lifted its holdings in shares of H&E Equipment Services by 43.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,600 shares of the industrial products company’s stock valued at $203,000 after buying an additional 1,400 shares during the last quarter. L.M. Kohn & Company bought a new stake in shares of H&E Equipment Services in the 3rd quarter valued at approximately $217,000. Finally, Creative Planning acquired a new position in H&E Equipment Services in the third quarter worth approximately $254,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

About H&E Equipment Services

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.