StockNews.com initiated coverage on shares of H&E Equipment Services (NASDAQ:HEES - Free Report) in a research report report published on Sunday. The brokerage issued a hold rating on the industrial products company's stock.
Separately, UBS Group reiterated a "neutral" rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $71.33.
Check Out Our Latest Stock Analysis on H&E Equipment Services
H&E Equipment Services Price Performance
HEES stock traded down $1.66 during trading on Friday, hitting $91.98. 676,852 shares of the company's stock traded hands, compared to its average volume of 516,659. H&E Equipment Services has a 52 week low of $40.93 and a 52 week high of $101.28. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 23.35 and a beta of 1.74. The business has a fifty day simple moving average of $93.45 and a 200 day simple moving average of $70.90. 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 announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. As a group, research analysts expect that H&E Equipment Services will post 3.25 EPS for the current fiscal year.
H&E Equipment Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services's payout ratio is currently 32.64%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of HEES. Access Financial Services Inc. boosted its holdings in H&E Equipment Services by 20.4% during the 4th quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company's stock valued at $1,027,000 after acquiring an additional 3,555 shares during the period. Geode Capital Management LLC lifted its position in shares of H&E Equipment Services by 0.6% during the third 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 last quarter. State Street Corp lifted its position in shares of H&E Equipment Services by 2.9% during the third quarter. State Street Corp now owns 779,075 shares of the industrial products company's stock worth $37,925,000 after purchasing an additional 21,805 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of H&E Equipment Services by 17.7% during the fourth quarter. Handelsbanken Fonder AB now owns 6,637 shares of the industrial products company's stock valued at $325,000 after purchasing an additional 1,000 shares during the period. Finally, Holocene Advisors LP bought a new position in shares of H&E Equipment Services in the third quarter worth about $524,000. Institutional investors own 84.08% of the company's stock.
About H&E Equipment Services
(
Get Free Report)
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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