H&E Equipment Services (NASDAQ:HEES) Coverage Initiated by Analysts at StockNews.com

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

Separately, 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, H&E Equipment Services has a consensus rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Trading Up 1.1 %

Shares of HEES traded up $1.06 during trading on Thursday, reaching $94.01. 652,983 shares of the company traded hands, compared to its average volume of 459,701. H&E Equipment Services has a twelve month low of $40.93 and a twelve month high of $101.28. The stock has a market cap of $3.44 billion, a PE ratio of 23.86 and a beta of 1.94. The stock has a 50-day simple moving average of $85.98 and a 200-day simple moving average of $63.95. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

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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 earnings per share 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 business had revenue of $384.08 million during the quarter, compared to analysts' expectations of $372.50 million. On average, analysts anticipate that H&E Equipment Services will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HEES. Meeder Asset Management Inc. lifted its stake in 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 worth $71,000 after acquiring an additional 220 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in H&E Equipment Services in the third quarter worth approximately $84,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in H&E Equipment Services by 227.7% in the third 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 lifted its stake in H&E Equipment Services by 38.8% in the fourth 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 during the last quarter. Finally, L.M. Kohn & Company purchased a new position in H&E Equipment Services in the third quarter worth approximately $217,000. 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.