H&E Equipment Services (NASDAQ:HEES) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of H&E Equipment Services (NASDAQ:HEES - Free Report) in a report published on Saturday. The firm issued a hold rating on the industrial products company's stock.

A number of other brokerages have also issued reports on HEES. B. Riley reiterated a "buy" rating and set a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. UBS Group restated a "neutral" rating and issued a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, H&E Equipment Services presently has a consensus rating of "Hold" and a consensus price target of $69.25.

H&E Equipment Services Trading Up 0.5 %

Shares of NASDAQ HEES traded up $0.47 during trading on Friday, reaching $88.20. The stock had a trading volume of 763,131 shares, compared to its average volume of 1,605,006. 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 company has a market cap of $3.23 billion, a P/E ratio of 22.39 and a beta of 1.93. H&E Equipment Services has a fifty-two week low of $40.92 and a fifty-two week high of $90.66. The business's 50-day moving average price is $64.03 and its 200-day moving average price is $55.17.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid 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 yield of 1.25%. H&E Equipment Services's dividend payout ratio is currently 27.92%.

Institutional Investors Weigh In On H&E Equipment Services

A number of hedge funds and other institutional investors have recently modified their holdings of HEES. Point72 Asia Singapore Pte. Ltd. purchased a new stake in H&E Equipment Services during the second quarter worth approximately $37,000. Millburn Ridgefield Corp purchased a new stake in shares of H&E Equipment Services during the 3rd quarter worth approximately $84,000. Point72 Asset Management L.P. boosted its holdings in shares of H&E Equipment Services by 43.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,600 shares of the industrial products company's stock valued at $203,000 after buying an additional 1,400 shares in the last quarter. L.M. Kohn & Company purchased a new position in shares of H&E Equipment Services in the 3rd quarter valued at $217,000. Finally, Creative Planning acquired a new stake in H&E Equipment Services during the 3rd quarter worth $254,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

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.