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

StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a research report report published on Monday morning. The firm issued a hold rating on the industrial products company’s stock.

A number of other equities analysts have also commented on HEES. B. Riley reaffirmed a “buy” rating and issued a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. UBS Group reaffirmed a “neutral” rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, H&E Equipment Services has an average rating of “Hold” and an average price target of $69.25.

H&E Equipment Services Stock Performance

Shares of HEES opened at $100.15 on Monday. H&E Equipment Services has a one year low of $40.92 and a one year high of $101.26. The company has a 50-day moving average of $70.84 and a two-hundred day moving average of $58.10. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 25.42 and a beta of 1.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59.

H&E Equipment Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 27.92%.

Institutional Investors Weigh In On H&E Equipment Services

Institutional investors have recently modified their holdings of the stock. Creative Planning acquired a new stake in H&E Equipment Services during the third quarter valued at $254,000. Jade Capital Advisors LLC acquired a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $1,217,000. Assenagon Asset Management S.A. lifted its holdings in shares of H&E Equipment Services by 186.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 194,102 shares of the industrial products company’s stock valued at $9,449,000 after buying an additional 126,244 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $580,000. Finally, Semanteon Capital Management LP lifted its stake in shares of H&E Equipment Services by 230.1% in the 3rd quarter. Semanteon Capital Management LP now owns 21,103 shares of the industrial products company’s stock valued at $1,027,000 after purchasing an additional 14,710 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

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.