H&E Equipment Services (NASDAQ:HEES) Research Coverage Started at StockNews.com

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

HEES has been the topic of several other research reports. UBS Group reiterated a “neutral” rating and issued 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. B. Riley reiterated a “buy” rating and issued a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, H&E Equipment Services currently has an average rating of “Hold” and an average target price of $69.25.

H&E Equipment Services Stock Performance

Shares of HEES opened at $87.73 on Friday. The firm has a market capitalization of $3.21 billion, a P/E ratio of 22.27 and a beta of 1.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services has a one year low of $40.92 and a one year high of $90.66. The business has a fifty day moving average of $62.93 and a 200 day moving average of $54.66.

H&E Equipment Services Dividend Announcement

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

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Access Financial Services Inc. increased its holdings in shares of H&E Equipment Services by 20.4% in the fourth quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock worth $1,027,000 after purchasing an additional 3,555 shares during the last quarter. Geode Capital Management LLC increased its stake in H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after acquiring an additional 4,226 shares during the last quarter. KG&L Capital Management LLC bought a new position in shares of H&E Equipment Services during the 3rd quarter valued at approximately $542,000. State Street Corp grew its holdings in shares of H&E Equipment Services by 2.9% in the third quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after purchasing an additional 21,805 shares in the last quarter. Finally, Jade Capital Advisors LLC bought a new stake in H&E Equipment Services in the third quarter worth $1,217,000. Institutional investors own 84.08% of the company’s stock.

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.