H&E Equipment Services, Inc. (NASDAQ:HEES) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $63.00.

A number of research analysts have recently weighed in on the company. StockNews.com lowered H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Stifel Nicolaus cut their price objective on H&E Equipment Services from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Raymond James started coverage on H&E Equipment Services in a research report on Friday, June 28th. They set a “market perform” rating for the company. Finally, UBS Group dropped their price target on H&E Equipment Services from $66.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, May 24th.

Institutional Trading of H&E Equipment Services

Institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in H&E Equipment Services in the fourth quarter worth about $482,000. Knights of Columbus Asset Advisors LLC raised its stake in shares of H&E Equipment Services by 94.6% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 113,603 shares of the industrial products company’s stock valued at $5,944,000 after acquiring an additional 55,214 shares in the last quarter. Semanteon Capital Management LP bought a new stake in shares of H&E Equipment Services during the fourth quarter valued at approximately $879,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of H&E Equipment Services by 12.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,618 shares of the industrial products company’s stock valued at $556,000 after acquiring an additional 1,137 shares in the last quarter. Finally, Amica Mutual Insurance Co. bought a new stake in shares of H&E Equipment Services during the fourth quarter valued at approximately $840,000. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Price Performance

NASDAQ:HEES opened at $43.32 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 2.26. The business’s 50-day simple moving average is $47.18 and its two-hundred day simple moving average is $52.80. The stock has a market cap of $1.58 billion, a PE ratio of 9.28, a P/E/G ratio of 1.62 and a beta of 1.89. H&E Equipment Services has a 52 week low of $38.06 and a 52 week high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The firm had revenue of $371.20 million for the quarter, compared to analysts’ expectations of $352.52 million. H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. As a group, analysts forecast that H&E Equipment Services will post 4.08 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Thursday, May 30th were given a $0.275 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.10 annualized dividend and a yield of 2.54%. H&E Equipment Services’s dividend payout ratio is currently 23.55%.

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.