H&E Equipment Services, Inc. (NASDAQ:HEES) Given Consensus Recommendation of "Moderate Buy" by Brokerages

H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $69.25.

A number of research analysts recently issued reports on the stock. UBS Group reiterated a "neutral" rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday. B. Riley reaffirmed a "buy" rating and issued a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in shares of H&E Equipment Services by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 46,691 shares of the industrial products company's stock worth $2,062,000 after acquiring an additional 1,525 shares during the last quarter. Quest Partners LLC bought a new position in shares of H&E Equipment Services in the second quarter valued at approximately $109,000. American Century Companies Inc. boosted its position in shares of H&E Equipment Services by 104.6% during the second quarter. American Century Companies Inc. now owns 1,410,554 shares of the industrial products company's stock valued at $62,304,000 after buying an additional 721,270 shares during the last quarter. Federated Hermes Inc. grew its holdings in H&E Equipment Services by 0.7% during the second quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company's stock worth $2,047,000 after buying an additional 326 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in H&E Equipment Services by 420.5% in the 2nd quarter. Renaissance Technologies LLC now owns 33,832 shares of the industrial products company's stock valued at $1,494,000 after buying an additional 27,332 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Trading Down 0.7 %

Shares of NASDAQ:HEES traded down $0.63 during midday trading on Tuesday, reaching $88.12. The company's stock had a trading volume of 2,010,117 shares, compared to its average volume of 2,144,720. H&E Equipment Services has a fifty-two week low of $40.92 and a fifty-two week high of $90.66. 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 firm has a 50 day moving average price of $56.83 and a two-hundred day moving average price of $51.59. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 8.97 and a beta of 1.88.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). The business had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. As a group, analysts forecast that H&E Equipment Services will post 3.27 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.275 per share. The ex-dividend date was Friday, November 29th. This represents a $1.10 annualized dividend and a yield of 1.25%. H&E Equipment Services's payout ratio is 27.92%.

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.