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

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been given an average rating of “Hold” by the five brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $71.33.

HEES has been the subject of a number of research analyst reports. StockNews.com initiated coverage on H&E Equipment Services in a report on Wednesday, March 5th. They issued a “hold” rating for the company. UBS Group restated a “neutral” rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th.

Institutional Trading of H&E Equipment Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of H&E Equipment Services by 17.2% during 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 acquiring 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% during the fourth 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 in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of H&E Equipment Services by 2,576.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock worth $41,884,000 after acquiring an additional 823,510 shares in the last quarter. State Street Corp raised its holdings 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 worth $37,925,000 after acquiring an additional 21,805 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 4,226 shares in the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Stock Performance

HEES opened at $93.82 on Wednesday. The firm has a market cap of $3.44 billion, a PE ratio of 23.81 and a beta of 1.94. 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 business has a fifty day simple moving average of $83.30 and a 200-day simple moving average of $63.11. 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 released its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.18. The business 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%. As a group, equities analysts predict that H&E Equipment Services will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a dividend of $0.275 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.17%. 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.