H&E Equipment Services, Inc. (NASDAQ:HEES) Receives $61.25 Consensus Target Price from Brokerages

H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $61.25.

HEES has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, August 14th. B. Riley reiterated a "buy" rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. KeyCorp initiated coverage on shares of H&E Equipment Services in a research note on Friday, August 9th. They set a "sector weight" rating on the stock. Finally, Stifel Nicolaus lowered their price objective on shares of 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in H&E Equipment Services in the third quarter worth approximately $288,000. TT International Asset Management LTD boosted its stake in H&E Equipment Services by 715.2% in the 3rd quarter. TT International Asset Management LTD now owns 54,783 shares of the industrial products company's stock worth $2,666,000 after purchasing an additional 48,063 shares during the period. Geode Capital Management LLC boosted its stake in H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company's stock worth $36,762,000 after purchasing an additional 4,226 shares during the period. Barclays PLC boosted its stake in H&E Equipment Services by 185.1% in the 3rd quarter. Barclays PLC now owns 61,018 shares of the industrial products company's stock worth $2,972,000 after purchasing an additional 39,617 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in H&E Equipment Services by 36.4% in the 3rd quarter. Two Sigma Advisers LP now owns 237,785 shares of the industrial products company's stock worth $11,575,000 after purchasing an additional 63,500 shares during the period. Institutional investors and hedge funds own 84.08% of the company's stock.

H&E Equipment Services Stock Performance

Shares of NASDAQ:HEES traded up $2.03 during trading hours on Monday, hitting $60.79. The stock had a trading volume of 257,810 shares, compared to its average volume of 272,259. The stock's fifty day simple moving average is $52.64 and its 200 day simple moving average is $48.72. H&E Equipment Services has a 1-year low of $40.92 and a 1-year high of $66.18. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 13.42 and a beta of 1.82. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company had revenue of $384.86 million for the quarter, compared to analyst estimates of $388.18 million. During the same quarter in the prior year, the business earned $1.46 EPS. H&E Equipment Services's revenue was down 4.0% compared to the same quarter last year. Sell-side analysts anticipate that H&E Equipment Services will post 3.34 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.275 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.10 annualized dividend and a yield of 1.81%. H&E Equipment Services's dividend payout ratio (DPR) is 27.92%.

About H&E Equipment Services

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.