Brokerages Set H&E Equipment Services, Inc. (NASDAQ:HEES) PT at $61.25

H&E Equipment Services, Inc. (NASDAQ:HEES) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $69.25.

Several equities analysts have recently issued reports on HEES shares. B. Riley reiterated a “buy” rating and set a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. UBS Group reiterated a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research report on Friday.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in 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 valued at $36,762,000 after buying an additional 4,226 shares in the last quarter. KG&L Capital Management LLC acquired a new stake in shares of H&E Equipment Services during the third quarter valued at approximately $542,000. Access Financial Services Inc. lifted its position in shares of 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 acquiring an additional 3,555 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in H&E Equipment Services in the 2nd quarter worth approximately $545,000. Finally, Jade Capital Advisors LLC purchased a new position in H&E Equipment Services during the 3rd quarter worth approximately $1,217,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Stock Performance

HEES stock opened at $88.12 on Tuesday. The company has a 50-day simple moving average of $57.39 and a 200 day simple moving average of $52.02. The company has a market capitalization of $3.23 billion, a P/E ratio of 22.37, a PEG ratio of 8.97 and a beta of 1.88. 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 fifty-two week low of $40.92 and a fifty-two week high of $90.66.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly 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). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. During the same period in the prior year, the company posted $1.46 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. Sell-side analysts predict that H&E Equipment Services will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend 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 presently 27.92%.

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.