H&E Equipment Services, Inc. (NASDAQ:HEES) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

H&E Equipment Services, Inc. (NASDAQ:HEES) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $69.25.

A number of research analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. StockNews.com began coverage on H&E Equipment Services in a research note on Saturday, February 1st. They set a “hold” rating on the stock. Finally, UBS Group reissued a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th.

Institutional Investors Weigh In On H&E Equipment Services

Several large investors have recently made changes to their positions in the company. Millburn Ridgefield Corp acquired a new stake in H&E Equipment Services in the third quarter valued at approximately $84,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of H&E Equipment Services by 227.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 1,910 shares during the last quarter. L.M. Kohn & Company bought a new stake in H&E Equipment Services in the third quarter worth $217,000. Creative Planning acquired a new position in H&E Equipment Services during the third quarter worth $254,000. Finally, Americana Partners LLC bought a new position in H&E Equipment Services during the third quarter valued at about $283,000. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Trading Down 0.9 %

H&E Equipment Services stock opened at $87.40 on Friday. The company has a 50 day moving average price of $65.18 and a 200 day moving average price of $55.63. 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 has a 52 week low of $40.92 and a 52 week high of $90.66. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 22.18 and a beta of 1.93.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.26%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 27.92%.

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.