H&E Equipment Services (NASDAQ:HEES) Now Covered by StockNews.com

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

Separately, UBS Group reiterated a “neutral” rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Price Performance

NASDAQ:HEES opened at $91.66 on Monday. H&E Equipment Services has a one year low of $40.93 and a one year high of $101.28. The stock has a market cap of $3.36 billion, a PE ratio of 23.26 and a beta of 1.74. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The stock has a 50 day moving average price of $93.58 and a 200 day moving average price of $71.67.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.18. The business had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. Equities research analysts expect that H&E Equipment Services will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is presently 32.64%.

Institutional Trading of H&E Equipment Services

Several institutional investors and hedge funds have recently bought and sold shares of HEES. Farther Finance Advisors LLC boosted its stake in H&E Equipment Services by 108.4% during the first quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company’s stock worth $28,000 after buying an additional 155 shares during the period. Blue Zone Wealth Advisors LLC boosted its position in shares of H&E Equipment Services by 15.9% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 53,004 shares of the industrial products company’s stock worth $5,024,000 after purchasing an additional 7,252 shares during the period. GAMMA Investing LLC increased its holdings in H&E Equipment Services by 8,691.2% in the 1st quarter. GAMMA Investing LLC now owns 16,967 shares of the industrial products company’s stock valued at $16,080,000 after purchasing an additional 16,774 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in H&E Equipment Services by 3,997.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 32,824 shares of the industrial products company’s stock worth $1,607,000 after purchasing an additional 32,023 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of H&E Equipment Services by 26.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 78,203 shares of the industrial products company’s stock worth $3,829,000 after buying an additional 16,401 shares during the period. 84.08% of the stock is currently owned by hedge funds and other 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.