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

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

Several other equities analysts have also commented on HEES. B. Riley reissued a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. UBS Group reissued a “neutral” rating and set a $92.00 price target (up 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 three have given a buy rating to the stock. According to MarketBeat.com, H&E Equipment Services has a consensus rating of “Hold” and an average price target of $69.25.

H&E Equipment Services Trading Down 0.3 %

Shares of HEES opened at $88.50 on Friday. H&E Equipment Services has a 1-year low of $40.92 and a 1-year high of $90.66. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 22.46 and a beta of 1.88. The firm’s 50-day moving average price is $59.78 and its 200-day moving average price is $53.18. 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 (NASDAQ:HEES) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). The firm had revenue of $384.86 million for 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 was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $1.46 EPS. Sell-side analysts anticipate that H&E Equipment Services will post 3.27 EPS for the current year.

H&E Equipment Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, November 29th. H&E Equipment Services’s payout ratio is 27.92%.

Institutional Trading of H&E Equipment Services

A number of institutional investors and hedge funds have recently bought and sold shares of HEES. Nisa Investment Advisors LLC grew its holdings in shares of H&E Equipment Services by 7.1% during the third quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after buying an additional 555 shares during the last quarter. Diversified Trust Co lifted its position in H&E Equipment Services by 5.7% in 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 in the last quarter. The Manufacturers Life Insurance Company boosted its stake in H&E Equipment Services by 3.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company’s stock valued at $810,000 after purchasing an additional 627 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of H&E Equipment Services by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock worth $4,896,000 after purchasing an additional 664 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of H&E Equipment Services in the second quarter worth $37,000. 84.08% of the stock is currently owned by institutional investors.

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.