H&E Equipment Services, Inc. (NASDAQ:HEES) Given Average Rating of “Hold” by Brokerages

H&E Equipment Services, Inc. (NASDAQ:HEES) has been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $71.33.

A number of brokerages have weighed in on HEES. 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 report on Friday, January 17th. StockNews.com began coverage on shares of H&E Equipment Services in a research note on Saturday, March 29th. They issued a “hold” rating for the company.

Hedge Funds Weigh In On H&E Equipment Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. raised its position in H&E Equipment Services by 17.2% in the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock worth $104,493,000 after purchasing an additional 313,880 shares in the last quarter. Pertento Partners LLP raised its holdings 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 buying an additional 119,151 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of H&E Equipment Services by 2,576.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock worth $41,884,000 after buying an additional 823,510 shares during the period. State Street Corp boosted its stake in H&E Equipment Services by 2.9% in the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after buying an additional 21,805 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in H&E Equipment Services by 0.6% in the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock valued at $36,762,000 after acquiring an additional 4,226 shares during the period. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Price Performance

Shares of NASDAQ:HEES opened at $94.17 on Friday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 23.90 and a beta of 1.94. The business has a 50 day moving average price of $92.88 and a 200 day moving average price of $68.70. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a twelve month low of $40.93 and a twelve month high of $101.28.

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

H&E Equipment Services Announces Dividend

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

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.