H&E Equipment Services (NASDAQ:HEES) Earns Hold Rating from Analysts at StockNews.com

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

A number of other equities 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 reiterated a “neutral” rating and set a $92.00 price target (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 stock. According to data from MarketBeat.com, H&E Equipment Services has an average rating of “Hold” and an average target price of $69.25.

H&E Equipment Services Price Performance

Shares of HEES opened at $88.50 on Friday. The firm has a fifty day simple moving average of $59.78 and a two-hundred day simple moving average of $53.18. The firm has a market cap of $3.24 billion, a PE ratio of 22.46 and a beta of 1.88. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a 1-year low of $40.92 and a 1-year high of $90.66.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 EPS 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 analysts’ expectations of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 EPS. On average, equities analysts anticipate that H&E Equipment Services will post 3.27 EPS for the current year.

H&E Equipment Services Announces Dividend

The company 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. This represents a $1.10 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, November 29th. H&E Equipment Services’s dividend payout ratio is currently 27.92%.

Hedge Funds Weigh In On H&E Equipment Services

Several large investors have recently made changes to their positions in HEES. Access Financial Services Inc. boosted 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 worth $1,027,000 after purchasing an additional 3,555 shares during the period. Geode Capital Management LLC increased its holdings 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 valued at $36,762,000 after acquiring an additional 4,226 shares during the last quarter. KG&L Capital Management LLC purchased a new stake in H&E Equipment Services in the 3rd quarter worth $542,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of H&E Equipment Services during the 2nd quarter valued at about $545,000. Finally, State Street Corp grew its position in shares of H&E Equipment Services by 2.9% during 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. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

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.