StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES - Free Report) in a research note published on Saturday. The firm issued a hold rating on the industrial products company's stock.
Separately, 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 two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $71.33.
Get Our Latest Report on HEES
H&E Equipment Services Price Performance
Shares of HEES stock traded up $0.70 on Friday, reaching $95.94. 239,625 shares of the company were exchanged, compared to its average volume of 489,411. H&E Equipment Services has a 1 year low of $40.93 and a 1 year high of $101.28. 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 business has a 50-day moving average price of $92.78 and a 200 day moving average price of $68.52. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 24.35 and a beta of 1.94.
H&E Equipment Services (NASDAQ:HEES - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping 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%. Equities research analysts forecast that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.
H&E Equipment Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.275 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.15%. H&E Equipment Services's dividend payout ratio is presently 32.64%.
Institutional Trading of H&E Equipment Services
Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its holdings in shares of H&E Equipment Services by 3,997.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 32,824 shares of the industrial products company's stock worth $1,607,000 after acquiring an additional 32,023 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in H&E Equipment Services by 26.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 78,203 shares of the industrial products company's stock worth $3,829,000 after purchasing an additional 16,401 shares during the period. Westwood Holdings Group Inc. boosted its holdings in H&E Equipment Services by 2,576.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company's stock valued at $41,884,000 after purchasing an additional 823,510 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of H&E Equipment Services by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 9,087 shares of the industrial products company's stock valued at $445,000 after buying an additional 2,990 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of H&E Equipment Services by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company's stock valued at $6,408,000 after buying an additional 601 shares during the period. 84.08% of the stock is currently owned by hedge funds and other institutional investors.
About H&E Equipment Services
(
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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.
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