Analysts Set H&E Equipment Services, Inc. (NASDAQ:HEES) Target Price at $69.25

H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $69.25.

Several brokerages have commented on HEES. StockNews.com began coverage on H&E Equipment Services in a research note on Sunday. They issued a "hold" rating for the company. UBS Group reissued a "neutral" rating and set a $92.00 price objective (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Finally, B. Riley reissued a "buy" rating and set a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th.

Institutional Investors Weigh In On H&E Equipment Services

Several hedge funds have recently made changes to their positions in HEES. Victory Capital Management Inc. boosted its position in shares of H&E Equipment Services by 1,238.8% during the fourth quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock valued at $33,778,000 after purchasing an additional 638,379 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in H&E Equipment Services in the fourth quarter worth $28,780,000. American Century Companies Inc. boosted its holdings in H&E Equipment Services by 17.2% in the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company's stock worth $104,493,000 after acquiring an additional 313,880 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in H&E Equipment Services by 77.1% in the fourth quarter. Fisher Asset Management LLC now owns 348,656 shares of the industrial products company's stock worth $17,070,000 after acquiring an additional 151,761 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of H&E Equipment Services by 186.0% in the third quarter. Assenagon Asset Management S.A. now owns 194,102 shares of the industrial products company's stock worth $9,449,000 after purchasing an additional 126,244 shares during the last quarter. 84.08% of the stock is currently owned by institutional investors.

H&E Equipment Services Stock Performance

Shares of HEES stock traded up $0.06 on Friday, hitting $86.86. 888,745 shares of the stock were exchanged, compared to its average volume of 1,424,461. H&E Equipment Services has a one year low of $40.92 and a one year high of $90.66. The firm's 50 day moving average is $66.30 and its two-hundred day moving average is $56.15. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $3.18 billion, a PE ratio of 22.05 and a beta of 1.93.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.27%. H&E Equipment Services's dividend payout ratio (DPR) is presently 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.