H&E Equipment Services, Inc. (NASDAQ:HEES) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $61.67.

Several research analysts recently commented on HEES shares. Stifel Nicolaus cut their price objective on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. KeyCorp started 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. Raymond James started coverage on shares of H&E Equipment Services in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, UBS Group lowered their target price 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.

H&E Equipment Services Stock Up 3.0 %

HEES opened at $50.46 on Friday. The company has a 50 day moving average of $46.69 and a 200 day moving average of $49.84. The company has a market cap of $1.84 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 10.35 and a beta of 1.84. H&E Equipment Services has a 12 month low of $38.06 and a 12 month high of $66.18. 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) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.12). The business had revenue of $376.30 million during the quarter, compared to the consensus estimate of $382.05 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $1.14 earnings per share. On average, sell-side analysts expect that H&E Equipment Services will post 3.52 EPS for the current year.

H&E Equipment Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 23.55%.

Institutional Trading of H&E Equipment Services

Several institutional investors and hedge funds have recently made changes to their positions in HEES. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of H&E Equipment Services during the 2nd quarter valued at $37,000. CWM LLC raised its position 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 valued at $41,000 after buying an additional 278 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of H&E Equipment Services during the 1st quarter valued at $62,000. Meeder Asset Management Inc. purchased a new stake in shares of H&E Equipment Services during the 2nd quarter valued at $65,000. Finally, Quest Partners LLC purchased a new stake in shares of H&E Equipment Services during the 2nd quarter valued at $109,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

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.