H&E Equipment Services (NASDAQ:HEES) Reaches New 1-Year High – Should You Buy?

H&E Equipment Services, Inc. (NASDAQ:HEES)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $90.76 and last traded at $89.61, with a volume of 585 shares changing hands. The stock had previously closed at $89.46.

Analysts Set New Price Targets

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

H&E Equipment Services Price Performance

The firm has a market capitalization of $3.28 billion, a PE ratio of 22.71 and a beta of 1.88. The firm’s fifty day simple moving average is $57.39 and its 200-day simple moving average is $52.02. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share 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 analysts’ expectations of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 EPS. On average, research analysts forecast that H&E Equipment Services, Inc. will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, November 29th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 27.92%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in H&E Equipment Services by 7.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 555 shares in the last quarter. Diversified Trust Co boosted its position in shares of H&E Equipment Services by 5.7% during the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock valued at $520,000 after acquiring an additional 574 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in H&E Equipment Services by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company’s stock worth $810,000 after purchasing an additional 627 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in H&E Equipment Services by 0.7% during the third 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. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth about $37,000. Hedge funds and other institutional investors 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.