H&E Equipment Services, Inc. (NASDAQ:HEES) Receives $69.25 Consensus Target Price from Analysts

H&E Equipment Services, Inc. (NASDAQ:HEES) has earned an average rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $69.25.

A number of analysts have recently commented on HEES shares. UBS Group reissued a “neutral” rating and issued a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. B. Riley reissued a “buy” rating and set a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Finally, StockNews.com started coverage on shares of H&E Equipment Services in a research note on Sunday. They set a “hold” rating for the company.

H&E Equipment Services Stock Down 0.7 %

Shares of H&E Equipment Services stock opened at $86.80 on Friday. The firm has a market cap of $3.18 billion, a PE ratio of 22.03 and a beta of 1.93. The business’s 50 day simple moving average is $65.73 and its 200 day simple moving average is $55.91. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. H&E Equipment Services has a 52-week low of $40.92 and a 52-week high of $90.66.

H&E Equipment Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.275 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.27%. H&E Equipment Services’s payout ratio is 27.92%.

Institutional Trading of H&E Equipment Services

Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of H&E Equipment Services by 18.4% in the 4th quarter. Advisors Asset Management Inc. now owns 76,483 shares of the industrial products company’s stock valued at $3,745,000 after purchasing an additional 11,875 shares during the period. Natixis Advisors LLC acquired a new position in H&E Equipment Services during the fourth quarter worth approximately $5,809,000. First Eagle Investment Management LLC raised its stake in H&E Equipment Services by 32.7% in the fourth quarter. First Eagle Investment Management LLC now owns 269,493 shares of the industrial products company’s stock valued at $13,194,000 after buying an additional 66,400 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of H&E Equipment Services by 15.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock valued at $299,000 after buying an additional 799 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of H&E Equipment Services by 0.6% during the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company’s stock worth $3,163,000 after acquiring an additional 400 shares during the period. 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.