H&E Equipment Services, Inc. (NASDAQ:HEES) Receives Consensus Rating of "Hold" from Brokerages

H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) has been assigned a consensus rating of "Hold" from the five brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $71.33.

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A number of research analysts recently commented on HEES shares. StockNews.com began coverage on H&E Equipment Services in a research note on Tuesday. They issued a "hold" rating on the stock. UBS Group reiterated a "neutral" rating and issued a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th.

Get Our Latest Analysis on HEES

H&E Equipment Services Trading Up 0.8 %

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Shares of HEES stock opened at $89.97 on Thursday. The company has a market capitalization of $3.30 billion, a PE ratio of 22.84 and a beta of 1.74. H&E Equipment Services has a 52-week low of $40.93 and a 52-week high of $101.28. The business's fifty day moving average is $93.99 and its 200 day moving average is $73.34. 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 (NASDAQ:HEES - Get Free Report) last released its quarterly 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 return on equity of 25.46% and a net margin of 9.47%. The firm had revenue of $384.08 million for the quarter, compared to analysts' expectations of $372.50 million. On average, equities research analysts anticipate that H&E Equipment Services will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

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The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services's payout ratio is 32.64%.

Institutional Investors Weigh In On H&E Equipment Services

A number of large investors have recently added to or reduced their stakes in HEES. Farther Finance Advisors LLC raised its position in H&E Equipment Services by 108.4% during the 1st quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after acquiring an additional 220 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in H&E Equipment Services in the first quarter worth $323,000. CIBC Private Wealth Group LLC lifted its stake in H&E Equipment Services by 38.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock worth $190,000 after acquiring an additional 1,166 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in H&E Equipment Services in the third quarter valued at $288,000. 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.

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