H&E Equipment Services, Inc. (NASDAQ:HEES) Receives Average Rating of "Moderate Buy" from Brokerages

H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $61.25.

Separately, B. Riley reiterated a "buy" rating and set a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th.

Institutional Trading of H&E Equipment Services

A number of institutional investors and hedge funds have recently made changes to their positions in HEES. 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 acquiring an additional 326 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of H&E Equipment Services by 7.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company's stock valued at $408,000 after purchasing an additional 555 shares in the last quarter. Diversified Trust Co increased its holdings in shares of H&E Equipment Services by 5.7% during the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock valued at $520,000 after acquiring an additional 574 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of H&E Equipment Services by 3.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company's stock worth $810,000 after buying an additional 627 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in shares of H&E Equipment Services by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company's stock worth $4,896,000 after purchasing an additional 664 shares during the period. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES traded up $46.43 on Tuesday, hitting $90.37. The company's stock had a trading volume of 8,845,416 shares, compared to its average volume of 1,329,597. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The stock has a 50 day moving average of $54.27 and a 200-day moving average of $50.43. H&E Equipment Services has a 12-month low of $40.92 and a 12-month high of $90.66. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 13.05 and a beta of 1.88.

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

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.22%. H&E Equipment Services's payout ratio is currently 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.