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

StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES - Free Report) in a report released on Monday. The brokerage issued a hold rating on the industrial products company's stock.

Separately, UBS Group reaffirmed a "neutral" rating and set a $92.00 target price (up previously 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 assigned a buy rating to the stock. According to data from MarketBeat.com, H&E Equipment Services has an average rating of "Hold" and a consensus target price of $71.33.

H&E Equipment Services Price Performance

Shares of HEES stock traded down $0.70 on Monday, reaching $90.96. The company's stock had a trading volume of 516,985 shares, compared to its average volume of 527,643. The company has a market capitalization of $3.34 billion, a P/E ratio of 23.09 and a beta of 1.74. 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's 50 day simple moving average is $93.58 and its 200-day simple moving average is $71.67. 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 posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $372.50 million. As a group, equities analysts predict that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services's payout ratio is 32.64%.

Institutional Investors Weigh In On H&E Equipment Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEES. Farther Finance Advisors LLC lifted its holdings in H&E Equipment Services by 108.4% in the 1st quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company's stock worth $28,000 after purchasing an additional 155 shares in the last quarter. Meeder Asset Management Inc. grew its position 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 in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of H&E Equipment Services by 38.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock worth $190,000 after purchasing an additional 1,166 shares during the period. Wilmington Savings Fund Society FSB bought a new position in H&E Equipment Services during the third quarter valued at $288,000. Finally, Commonwealth Equity Services LLC raised its position in H&E Equipment Services by 15.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock worth $299,000 after purchasing an additional 799 shares during the period. Institutional investors 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.