H&E Equipment Services, Inc. (NASDAQ:HEES) Receives $61.67 Average Price Target from Analysts

H&E Equipment Services, Inc. (NASDAQ:HEES) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $61.67.

Several brokerages recently weighed in on HEES. KeyCorp initiated coverage on shares of H&E Equipment Services in a report on Friday, August 9th. They issued a “sector weight” rating on the stock. Raymond James started coverage on H&E Equipment Services in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. UBS Group decreased their price objective on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Stifel Nicolaus cut their target price on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st.

Institutional Trading of H&E Equipment Services

Large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in H&E Equipment Services in the second quarter valued at about $37,000. CWM LLC lifted its holdings in shares of H&E Equipment Services by 42.5% during the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 278 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of H&E Equipment Services in the 1st quarter valued at approximately $62,000. Meeder Asset Management Inc. bought a new stake in H&E Equipment Services during the 2nd quarter worth approximately $65,000. Finally, Quest Partners LLC acquired a new stake in H&E Equipment Services during the 2nd quarter worth approximately $109,000. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Trading Up 2.0 %

HEES stock opened at $43.62 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 2.17. H&E Equipment Services has a twelve month low of $38.06 and a twelve month high of $66.18. The company has a market cap of $1.59 billion, a P/E ratio of 9.34, a PEG ratio of 9.16 and a beta of 1.85. The business has a fifty day moving average of $47.28 and a 200-day moving average of $50.83.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.12). The firm had revenue of $376.30 million for the quarter, compared to the consensus estimate of $382.05 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 earnings per share. As a group, equities research analysts expect that H&E Equipment Services will post 3.52 EPS for the current year.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, August 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.52%. H&E Equipment Services’s dividend payout ratio is 23.55%.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.