H&E Equipment Services (NASDAQ:HEES) Coverage Initiated by Analysts at StockNews.com

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

Separately, UBS Group reissued a “neutral” rating and set a $92.00 price target (up 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 two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Trading Up 0.3 %

HEES opened at $94.15 on Wednesday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 23.90 and a beta of 1.94. The firm has a 50 day simple moving average of $81.52 and a 200 day simple moving average of $62.23. H&E Equipment Services has a fifty-two week low of $40.93 and a fifty-two week high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. On average, sell-side analysts anticipate that H&E Equipment Services will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

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

Institutional Investors Weigh In On H&E Equipment Services

Several large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in shares of H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after buying an additional 220 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of 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 valued at $601,000 after buying an additional 282 shares during the period. Swiss National Bank boosted its holdings in shares of H&E Equipment Services by 0.6% in 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 period. Nisa Investment Advisors LLC boosted its holdings 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 valued at $408,000 after buying an additional 555 shares during the period. Finally, Diversified Trust Co boosted its holdings in shares of H&E Equipment Services by 5.7% in the fourth 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 during the period. Institutional investors own 84.08% of the company’s stock.

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.