H&E Equipment Services (NASDAQ:HEES) Reaches New 52-Week High - What's Next?

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $90.76 and last traded at $89.61, with a volume of 585 shares trading hands. The stock had previously closed at $89.46.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HEES. 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. B. Riley restated a "buy" rating and issued a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $69.25.

H&E Equipment Services Stock Performance

The firm's 50-day moving average is $58.59 and its 200 day moving average is $52.61. The stock has a market cap of $3.25 billion, a PE ratio of 22.53 and a beta of 1.88. 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 released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate 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 business had revenue of $384.86 million during the quarter, compared to analysts' expectations of $388.18 million. During the same quarter last year, the company earned $1.46 EPS. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, research analysts anticipate that H&E Equipment Services, Inc. will post 3.27 EPS for the current year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.275 per share. 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 1.24%. H&E Equipment Services's payout ratio is currently 27.92%.

Hedge Funds Weigh In On H&E Equipment Services

A number of large investors have recently bought and sold shares of HEES. Nisa Investment Advisors LLC increased its holdings in shares of H&E Equipment Services by 7.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company's stock valued at $408,000 after purchasing an additional 555 shares in the last quarter. Diversified Trust Co increased its holdings in shares of H&E Equipment Services by 5.7% in the 4th quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock valued at $520,000 after purchasing an additional 574 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of H&E Equipment Services by 3.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company's stock valued at $810,000 after purchasing an additional 627 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of H&E Equipment Services by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company's stock valued at $4,896,000 after purchasing an additional 664 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of H&E Equipment Services in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 84.08% of the company's stock.

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.