H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 1,250,613 shares were traded during trading, an increase of 175% from the previous session's volume of 454,701 shares.The stock last traded at $92.91 and had previously closed at $93.09.
Wall Street Analyst Weigh In
A number of analysts have commented on HEES shares. UBS Group reiterated a "neutral" rating and issued a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com began coverage on shares of H&E Equipment Services in a research note on Thursday. They issued a "hold" rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $71.33.
Check Out Our Latest Report on HEES
H&E Equipment Services Stock Performance
The company's fifty day simple moving average is $85.98 and its 200 day simple moving average is $64.07. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 23.82 and a beta of 1.94.
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. The business had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. On average, equities research analysts expect that H&E Equipment Services, Inc. will post 3.25 earnings per share for the current year.
H&E Equipment Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a yield of 1.17%. H&E Equipment Services's payout ratio is currently 32.64%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its position in shares of H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after acquiring an additional 220 shares during the period. Jones Financial Companies Lllp boosted its holdings in H&E Equipment Services by 2.4% in the 4th quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company's stock valued at $601,000 after purchasing an additional 282 shares during the period. Swiss National Bank grew its position in shares of H&E Equipment Services by 0.6% during the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company's stock worth $3,163,000 after purchasing an additional 400 shares in the last quarter. Diversified Trust Co increased its holdings in shares of H&E Equipment Services by 5.7% during the fourth quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company's stock worth $520,000 after purchasing an additional 574 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of H&E Equipment Services by 0.5% in the fourth 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 in the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.
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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