H&E Equipment Services, Inc. (NASDAQ:HEES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, June 10th.
According to Zacks, “H&E Equipment Services, Inc. is one of the largest integrated equipment services companies in the United States with full-service facilities throughout the Intermountain, Southwest, Gulf Coast & Southeast regions of the United States. The Company is focused on heavy construction & industrial equipment and rents, sells & provides parts & service support for four core categories of specialized equipment they are hi-lift or aerial platform equipment, cranes, earthmoving equipment & industrial lift trucks. By providing equipment rental, sales, & on-site parts, repair & maintenance functions under one roof, the Company is a one-stop provider for its customers’ varied equipment needs. This full service approach provides the Company with multiple points of customer contact, enabling it to maintain a high quality rental fleet, as well as an effective distribution channel for fleet disposal & provides cross-selling opportunities among its new & used equipment sales, rental, parts sales & service operations. “
Shares of H&E Equipment Services (NASDAQ HEES) opened at 19.11 on Friday. The firm has a 50-day moving average price of $20.12 and a 200-day moving average price of $22.95. The firm has a market cap of $672.19 million, a price-to-earnings ratio of 18.39 and a beta of 2.45. H&E Equipment Services has a 12-month low of $12.72 and a 12-month high of $27.54.
H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $226.80 million during the quarter, compared to analyst estimates of $235.49 million. H&E Equipment Services had a net margin of 3.86% and a return on equity of 26.41%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. Equities research analysts anticipate that H&E Equipment Services will post $1.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.76%. H&E Equipment Services’s dividend payout ratio (DPR) is currently 105.77%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new position in H&E Equipment Services during the first quarter worth approximately $1,388,000. Macquarie Group Ltd. raised its position in H&E Equipment Services by 1.3% in the first quarter. Macquarie Group Ltd. now owns 2,127,659 shares of the industrial products company’s stock worth $52,170,000 after buying an additional 27,439 shares during the period. AQR Capital Management LLC raised its position in H&E Equipment Services by 13.6% in the first quarter. AQR Capital Management LLC now owns 88,742 shares of the industrial products company’s stock worth $2,176,000 after buying an additional 10,608 shares during the period. BlueCrest Capital Management Ltd raised its position in H&E Equipment Services by 203.3% in the first quarter. BlueCrest Capital Management Ltd now owns 124,178 shares of the industrial products company’s stock worth $3,045,000 after buying an additional 83,241 shares during the period. Finally, State Street Corp raised its position in H&E Equipment Services by 1.3% in the first quarter. State Street Corp now owns 613,026 shares of the industrial products company’s stock worth $15,029,000 after buying an additional 7,882 shares during the period. Hedge funds and other institutional investors own 75.41% of the company’s stock.
H&E Equipment Services Company Profile
H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.
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