Brokerages Set H&E Equipment Services, Inc. (NASDAQ:HEES) Target Price at $61.25

H&E Equipment Services, Inc. (NASDAQ:HEES) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $61.25.

Separately, B. Riley reaffirmed a “buy” rating and issued a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th.

H&E Equipment Services Trading Down 1.2 %

NASDAQ HEES opened at $48.79 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $1.79 billion, a P/E ratio of 12.38, a P/E/G ratio of 13.24 and a beta of 1.84. H&E Equipment Services has a 52-week low of $40.92 and a 52-week high of $66.18. The firm has a 50-day moving average price of $55.85 and a 200 day moving average price of $49.99.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 million. During the same period last year, the company posted $1.46 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts expect that H&E Equipment Services will post 3.27 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 annualized dividend and a yield of 2.25%. H&E Equipment Services’s dividend payout ratio (DPR) is currently 27.92%.

Institutional Trading of H&E Equipment Services

Institutional investors and hedge funds have recently modified their holdings of the business. KG&L Capital Management LLC purchased a new position in shares of H&E Equipment Services during the 3rd quarter worth approximately $542,000. Vanguard Personalized Indexing Management LLC acquired a new stake in H&E Equipment Services during the 2nd quarter valued at $545,000. Jade Capital Advisors LLC purchased a new position in H&E Equipment Services during the third quarter worth $1,217,000. The Manufacturers Life Insurance Company raised its holdings in shares of 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 acquiring an additional 627 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of H&E Equipment Services in the third quarter valued at $524,000. 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 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.