H&E Equipment Services, Inc. (NASDAQ:HEES) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $61.25.

Several equities analysts have issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of H&E Equipment Services from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. UBS Group dropped their price objective on shares of H&E Equipment Services from $63.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, August 14th. B. Riley reissued a "buy" rating and issued a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday. Finally, KeyCorp assumed coverage on shares of H&E Equipment Services in a research note on Friday, August 9th. They issued a "sector weight" rating on the stock.

Hedge Funds Weigh In On H&E Equipment Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC grew its stake in shares of H&E Equipment Services by 42.5% during the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company's stock worth $41,000 after purchasing an additional 278 shares during the period. Federated Hermes Inc. grew its stake in shares of H&E Equipment Services by 0.7% during the 2nd quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company's stock worth $2,047,000 after purchasing an additional 326 shares during the period. ProShare Advisors LLC grew its stake in shares of H&E Equipment Services by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 5,781 shares of the industrial products company's stock worth $371,000 after purchasing an additional 454 shares during the period. Diversified Trust Co grew its stake in shares of H&E Equipment Services by 5.3% during the 2nd quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company's stock worth $443,000 after purchasing an additional 503 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of H&E Equipment Services by 7.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company's stock worth $408,000 after purchasing an additional 555 shares during the period. 84.08% of the stock is owned by institutional investors and hedge funds.

H&E Equipment Services Stock Performance

HEES stock traded down $0.68 on Thursday, hitting $52.25. The company's stock had a trading volume of 363,073 shares, compared to its average volume of 272,690. The firm has a 50 day moving average of $48.87 and a two-hundred day moving average of $48.49. H&E Equipment Services has a 1 year low of $39.79 and a 1 year high of $66.18. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 11.71 and a beta of 1.84. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17.

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 10.53% and a return on equity of 30.84%. 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. Equities analysts predict that H&E Equipment Services will post 3.52 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, August 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.11%. H&E Equipment Services's dividend payout ratio (DPR) is presently 27.92%.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.