H&E Equipment Services, Inc. (NASDAQ:HEES) Receives $71.33 Consensus Target Price from Analysts

H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) has earned a consensus rating of "Hold" from the five brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $71.33.

A number of brokerages recently issued reports on HEES. UBS Group reissued a "neutral" rating and issued a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com began coverage on H&E Equipment Services in a report on Wednesday. They issued a "hold" rating for the company.

H&E Equipment Services Stock Up 0.3 %

NASDAQ HEES traded up $0.30 on Wednesday, hitting $94.15. 629,607 shares of the stock traded hands, compared to its average volume of 437,594. The stock has a 50-day moving average of $81.52 and a 200 day moving average of $62.23. H&E Equipment Services has a twelve month low of $40.93 and a twelve month high of $101.28. The company has a market capitalization of $3.45 billion, a P/E ratio of 23.90 and a beta of 1.94. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

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H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate 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%. As a group, analysts expect that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

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

Hedge Funds Weigh In On H&E Equipment Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEES. Meeder Asset Management Inc. boosted its stake in shares of H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock worth $71,000 after acquiring an additional 220 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of H&E Equipment Services during the 3rd quarter worth $84,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of H&E Equipment Services by 227.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company's stock worth $134,000 after acquiring an additional 1,910 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of H&E Equipment Services by 38.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock worth $190,000 after acquiring an additional 1,166 shares in the last quarter. Finally, L.M. Kohn & Company bought a new stake in shares of H&E Equipment Services during the 3rd quarter worth $217,000. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Company Profile

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.