StockNews.com Initiates Coverage on H&E Equipment Services (NASDAQ:HEES)

StockNews.com began coverage on shares of H&E Equipment Services (NASDAQ:HEES - Free Report) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the industrial products company's stock.

Separately, UBS Group reissued a "neutral" rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, H&E Equipment Services presently has an average rating of "Hold" and a consensus target price of $71.33.

H&E Equipment Services Trading Up 0.3 %

Shares of HEES stock traded up $0.30 on Wednesday, reaching $94.15. The company had a trading volume of 629,607 shares, compared to its average volume of 437,594. The stock has a market cap of $3.45 billion, a PE ratio of 23.90 and a beta of 1.94. The company has a 50-day moving average of $81.52 and a 200-day moving average of $62.23. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a 12 month low of $40.93 and a 12 month high of $101.28.

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H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate 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. On average, equities analysts forecast that H&E Equipment Services will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's payout ratio is presently 32.64%.

Institutional Trading of H&E Equipment Services

Several hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. boosted its position in shares of H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock worth $71,000 after buying an additional 220 shares during the period. Millburn Ridgefield Corp acquired a new position in H&E Equipment Services during the 3rd quarter worth approximately $84,000. Point72 Asia Singapore Pte. Ltd. boosted its position in H&E Equipment Services by 227.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company's stock worth $134,000 after acquiring an additional 1,910 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of H&E Equipment Services by 38.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock worth $190,000 after acquiring an additional 1,166 shares in the last quarter. Finally, L.M. Kohn & Company acquired a new stake in shares of H&E Equipment Services in the third quarter valued at approximately $217,000. Institutional investors and hedge funds own 84.08% of the company's stock.

About H&E Equipment Services

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.