Brokerages Set H&E Equipment Services, Inc. (NASDAQ:HEES) PT at $71.33

H&E Equipment Services, Inc. (NASDAQ:HEES) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $71.33.

Several research analysts have recently weighed in on HEES shares. UBS Group reissued a “neutral” rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Wednesday, March 5th. They set a “hold” rating on the stock.

H&E Equipment Services Stock Up 0.3 %

NASDAQ HEES opened at $94.15 on Wednesday. The business’s fifty day simple moving average is $81.52 and its 200-day simple moving average is $62.46. 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 firm has a market cap of $3.45 billion, a PE ratio of 23.90 and a beta of 1.94. H&E Equipment Services has a 52 week low of $40.93 and a 52 week high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.18. The firm had revenue of $384.08 million for the quarter, compared to analysts’ expectations 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, equities analysts anticipate that H&E Equipment Services will post 3.25 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.17%. H&E Equipment Services’s payout ratio is currently 32.64%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. lifted its position in H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after buying an additional 220 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in H&E Equipment Services during the third quarter worth about $84,000. Point72 Asia Singapore Pte. Ltd. increased its stake in H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 1,910 shares during the period. CIBC Private Wealth Group LLC increased its stake in H&E Equipment Services by 38.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 1,166 shares during the period. Finally, L.M. Kohn & Company purchased a new stake in H&E Equipment Services during the third quarter worth about $217,000. 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.