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

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

Separately, UBS Group restated 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Price Performance

Shares of H&E Equipment Services stock opened at $94.15 on Wednesday. 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 firm’s 50-day simple moving average is $81.52 and its 200-day simple moving average is $62.23. H&E Equipment Services has a twelve month low of $40.93 and a twelve month high of $101.28. The firm has a market cap of $3.45 billion, a P/E ratio of 23.90 and a beta of 1.94.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. As a group, research analysts expect that H&E Equipment Services will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.17%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 32.64%.

Hedge Funds Weigh In On H&E Equipment Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning bought a new position in shares of H&E Equipment Services in the third quarter worth about $254,000. Nisa Investment Advisors LLC raised its stake in shares of H&E Equipment Services by 7.1% in the third quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 555 shares during the last quarter. Versor Investments LP raised its stake in shares of H&E Equipment Services by 86.1% in the third quarter. Versor Investments LP now owns 20,781 shares of the industrial products company’s stock worth $1,012,000 after acquiring an additional 9,616 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of H&E Equipment Services by 409.2% in the third quarter. Victory Capital Management Inc. now owns 51,532 shares of the industrial products company’s stock worth $2,509,000 after acquiring an additional 41,412 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in shares of H&E Equipment Services by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock worth $4,896,000 after acquiring an additional 664 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

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.