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 research note published on Saturday. The firm issued a hold rating on the industrial products company’s stock.

Separately, 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Stock Performance

NASDAQ:HEES opened at $95.43 on Friday. The firm’s fifty day simple moving average is $92.39 and its 200-day simple moving average is $67.42. 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 cap of $3.50 billion, a PE ratio of 24.22 and a beta of 1.94. H&E Equipment Services has a fifty-two week low of $40.93 and a fifty-two 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 analysts’ consensus estimates of $0.81 by $0.18. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.08 million during the quarter, compared to analysts’ expectations of $372.50 million. Analysts expect that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business 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. This represents a $1.10 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services’s payout ratio is 32.64%.

Hedge Funds Weigh In On H&E Equipment Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in H&E Equipment Services by 17.2% in the 4th quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock valued at $104,493,000 after buying an additional 313,880 shares in the last quarter. Pertento Partners LLP lifted its stake in shares of H&E Equipment Services by 13.1% in the 4th quarter. Pertento Partners LLP now owns 1,030,094 shares of the industrial products company’s stock worth $50,433,000 after acquiring an additional 119,151 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of H&E Equipment Services by 2,576.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock valued at $41,884,000 after acquiring an additional 823,510 shares in the last quarter. State Street Corp increased its stake in shares of H&E Equipment Services by 2.9% during the third quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after acquiring an additional 21,805 shares during the period. Finally, Geode Capital Management LLC raised its holdings in H&E Equipment Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after purchasing an additional 4,226 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

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.