StockNews.com Begins Coverage on H&E Equipment Services (NASDAQ:HEES)

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

Separately, UBS Group reaffirmed a “neutral” rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Stock Down 0.1 %

HEES stock opened at $95.03 on Friday. The business’s 50-day moving average price is $90.82 and its 200-day moving average price is $65.75. The stock has a market cap of $3.48 billion, a P/E ratio of 24.12 and a beta of 1.94. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a twelve month low of $40.93 and a twelve month high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last issued 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. The business had revenue of $384.08 million for 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, equities research analysts forecast that H&E Equipment Services will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio (DPR) is presently 32.64%.

Hedge Funds Weigh In On H&E Equipment Services

Several institutional investors have recently bought and sold shares of HEES. Meeder Asset Management Inc. boosted its holdings in shares of H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 220 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in H&E Equipment Services by 2.4% during 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 last quarter. Swiss National Bank grew its holdings in H&E Equipment Services by 0.6% during the 4th 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 in the last quarter. Diversified Trust Co increased its stake in H&E Equipment Services by 5.7% in the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock worth $520,000 after acquiring an additional 574 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of H&E Equipment Services by 0.5% during the 4th quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company’s stock worth $6,408,000 after acquiring an additional 601 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.