Stifel Nicolaus Trims H&E Equipment Services (NASDAQ:HEES) Target Price to $62.00

H&E Equipment Services (NASDAQ:HEES) had its price objective decreased by Stifel Nicolaus from $65.00 to $62.00 in a research note released on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

HEES has been the topic of a number of other research reports. Raymond James initiated coverage on H&E Equipment Services in a research report on Friday, June 28th. They set a market perform rating on the stock. StockNews.com lowered H&E Equipment Services from a buy rating to a hold rating in a research report on Thursday, May 2nd. Finally, UBS Group reduced their target price on H&E Equipment Services from $66.00 to $63.00 and set a buy rating for the company in a research note on Friday, May 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $62.67.

H&E Equipment Services Price Performance

H&E Equipment Services stock opened at $46.00 on Wednesday. The business’s 50-day simple moving average is $46.74 and its 200 day simple moving average is $52.51. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 9.98 and a beta of 1.89. H&E Equipment Services has a 12-month low of $38.06 and a 12-month high of $66.18. The company has a quick ratio of 0.62, a current ratio of 0.61 and a debt-to-equity ratio of 2.17.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.12). H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The company had revenue of $376.30 million for the quarter, compared to the consensus estimate of $382.05 million. During the same quarter last year, the business posted $1.14 EPS. H&E Equipment Services’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that H&E Equipment Services will post 3.73 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Thursday, May 30th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.39%. H&E Equipment Services’s dividend payout ratio (DPR) is currently 23.55%.

Hedge Funds Weigh In On H&E Equipment Services

A number of institutional investors and hedge funds have recently bought and sold shares of HEES. Arizona State Retirement System grew its position in shares of H&E Equipment Services by 3.9% in the 4th quarter. Arizona State Retirement System now owns 9,153 shares of the industrial products company’s stock valued at $479,000 after buying an additional 347 shares during the last quarter. Americana Partners LLC grew its position in shares of H&E Equipment Services by 4.3% in the 4th quarter. Americana Partners LLC now owns 4,988 shares of the industrial products company’s stock valued at $261,000 after buying an additional 205 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in shares of H&E Equipment Services during the 4th quarter valued at about $366,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of H&E Equipment Services by 12.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,618 shares of the industrial products company’s stock valued at $556,000 after purchasing an additional 1,137 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its position in shares of H&E Equipment Services by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 113,603 shares of the industrial products company’s stock valued at $5,944,000 after purchasing an additional 55,214 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

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.