H&E Equipment Services (NASDAQ:HEES) Coverage Initiated at StockNews.com

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

Separately, UBS Group reaffirmed a “neutral” rating and set a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, H&E Equipment Services has a consensus rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Stock Down 0.1 %

Shares of H&E Equipment Services stock opened at $95.03 on Friday. 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 has a 1 year low of $40.93 and a 1 year high of $101.28. The firm’s 50-day moving average is $90.82 and its two-hundred day moving average is $65.46. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 24.12 and a beta of 1.94.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping 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 net margin of 9.47% and a return on equity of 25.46%. As a group, research analysts expect that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a $0.275 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 annualized dividend and a yield of 1.16%. H&E Equipment Services’s dividend payout ratio (DPR) is 32.64%.

Institutional Trading of H&E Equipment Services

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its holdings in H&E Equipment Services by 3,997.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 32,824 shares of the industrial products company’s stock worth $1,607,000 after acquiring an additional 32,023 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in H&E Equipment Services by 26.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 78,203 shares of the industrial products company’s stock worth $3,829,000 after purchasing an additional 16,401 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in H&E Equipment Services by 2,576.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock worth $41,884,000 after purchasing an additional 823,510 shares in the last quarter. ProShare Advisors LLC boosted its stake in H&E Equipment Services by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 9,087 shares of the industrial products company’s stock worth $445,000 after purchasing an additional 2,990 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in H&E Equipment Services by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company’s stock worth $6,408,000 after purchasing an additional 601 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

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.