Brokerages Set H&E Equipment Services, Inc. (NASDAQ:HEES) Target Price at $61.67

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $61.67.

A number of analysts have weighed in on HEES shares. Raymond James started coverage on H&E Equipment Services in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. KeyCorp started coverage on H&E Equipment Services in a research report on Friday, August 9th. They issued a “sector weight” rating on the stock. StockNews.com cut H&E Equipment Services from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Stifel Nicolaus lowered their price target on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, UBS Group lowered their price target on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

Institutional Trading of H&E Equipment Services

Several large investors have recently made changes to their positions in the business. CWM LLC grew its holdings in shares of H&E Equipment Services by 42.5% during the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 278 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of H&E Equipment Services by 0.7% during the second quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company’s stock valued at $2,047,000 after acquiring an additional 326 shares during the period. Arizona State Retirement System lifted its stake in shares of H&E Equipment Services by 3.9% during the fourth quarter. Arizona State Retirement System now owns 9,153 shares of the industrial products company’s stock valued at $479,000 after acquiring an additional 347 shares during the period. ProShare Advisors LLC lifted its stake in shares of H&E Equipment Services by 8.5% during the first quarter. ProShare Advisors LLC now owns 5,781 shares of the industrial products company’s stock valued at $371,000 after acquiring an additional 454 shares during the period. Finally, Diversified Trust Co lifted its stake in shares of H&E Equipment Services by 5.3% during the second quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company’s stock valued at $443,000 after acquiring an additional 503 shares during the period. Institutional investors own 84.08% of the company’s stock.

H&E Equipment Services Stock Performance

Shares of NASDAQ HEES opened at $46.20 on Friday. The business has a fifty day simple moving average of $46.55 and a 200 day simple moving average of $52.03. The company has a current ratio of 0.61, a quick ratio of 0.62 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 9.98 and a beta of 1.89. H&E Equipment Services has a one year low of $38.06 and a one year high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.12). The firm had revenue of $376.30 million during the quarter, compared to analyst estimates of $382.05 million. H&E Equipment Services had a net margin of 10.53% and a return on equity of 30.84%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 earnings per share. Sell-side analysts expect that H&E Equipment Services will post 3.73 EPS for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Wednesday, August 28th. H&E Equipment Services’s payout ratio is presently 23.55%.

H&E Equipment Services Company Profile

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.