H&E Equipment Services, Inc. (NASDAQ:HEES) Given Average Rating of “Moderate Buy” by Brokerages

H&E Equipment Services, Inc. (NASDAQ:HEES) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $61.25.

HEES has been the topic of several research reports. KeyCorp started coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating on the stock. B. Riley reiterated a “buy” rating and set a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. UBS Group lowered their price target on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, Stifel Nicolaus reduced their price objective on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of H&E Equipment Services in the 2nd quarter valued at $37,000. CWM LLC boosted its holdings in H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after buying an additional 278 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of H&E Equipment Services during the 1st quarter worth about $62,000. Meeder Asset Management Inc. bought a new stake in shares of H&E Equipment Services in the 2nd quarter valued at about $65,000. Finally, Quest Partners LLC acquired a new stake in shares of H&E Equipment Services in the 2nd quarter valued at approximately $109,000. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Stock Performance

NASDAQ:HEES opened at $58.34 on Thursday. The stock has a market capitalization of $2.14 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 11.47 and a beta of 1.82. 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 $66.18. The firm has a 50 day moving average of $49.39 and a 200-day moving average of $48.26.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.15). The business had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 EPS. As a group, sell-side analysts anticipate that H&E Equipment Services will post 3.34 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio (DPR) is 27.92%.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.