H&E Equipment Services (NASDAQ:HEES) Now Covered by StockNews.com

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

Separately, UBS Group reissued 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Stock Performance

Shares of HEES stock opened at $94.47 on Wednesday. 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 business has a 50 day moving average of $79.76 and a two-hundred day moving average of $61.68. H&E Equipment Services has a 52 week low of $40.93 and a 52 week high of $101.28. The company has a market cap of $3.46 billion, a P/E ratio of 23.98 and a beta of 1.93.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. The company had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. As a group, analysts anticipate that H&E Equipment Services will post 3.25 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a 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 32.64%.

Hedge Funds Weigh In On H&E Equipment Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEES. Creative Planning bought a new position in H&E Equipment Services during the 3rd quarter valued at $254,000. Nisa Investment Advisors LLC boosted its stake in H&E Equipment Services by 7.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 555 shares in the last quarter. Versor Investments LP boosted its stake in H&E Equipment Services by 86.1% during the 3rd quarter. Versor Investments LP now owns 20,781 shares of the industrial products company’s stock valued at $1,012,000 after purchasing an additional 9,616 shares in the last quarter. Victory Capital Management Inc. boosted its stake in H&E Equipment Services by 409.2% during the 3rd quarter. Victory Capital Management Inc. now owns 51,532 shares of the industrial products company’s stock valued at $2,509,000 after purchasing an additional 41,412 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in H&E Equipment Services by 0.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock valued at $4,896,000 after purchasing an additional 664 shares in the last quarter. 84.08% of the stock is owned by 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.