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

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

A number of other analysts also recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. UBS Group reissued 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $69.25.

H&E Equipment Services Trading Down 0.3 %

NASDAQ:HEES opened at $88.50 on Friday. The business has a 50 day moving average price of $59.78 and a two-hundred day moving average price of $53.31. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The company has a market cap of $3.24 billion, a P/E ratio of 22.46 and a beta of 1.88. H&E Equipment Services has a twelve month low of $40.92 and a twelve month high of $90.66.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). The firm had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. H&E Equipment Services’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.46 earnings per share. As a group, analysts expect that H&E Equipment Services will post 3.27 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.24%. H&E Equipment Services’s dividend payout ratio is presently 27.92%.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds have recently bought and sold shares of the company. Access Financial Services Inc. grew its stake in H&E Equipment Services by 20.4% in the 4th quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock valued at $1,027,000 after buying an additional 3,555 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of H&E Equipment Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after purchasing an additional 4,226 shares in the last quarter. KG&L Capital Management LLC bought a new stake in shares of H&E Equipment Services during the 3rd quarter worth $542,000. Vanguard Personalized Indexing Management LLC bought a new stake in H&E Equipment Services during the second quarter worth about $545,000. Finally, State Street Corp raised its holdings in shares of H&E Equipment Services by 2.9% during the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after buying an additional 21,805 shares in the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.

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.