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

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat reports. Two 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 brokers that have issued a report on the stock in the last year is $61.67.

A number of equities research analysts have commented on the stock. KeyCorp initiated coverage on shares of H&E Equipment Services in a report on Friday, August 9th. They issued a “sector weight” rating for the company. UBS Group dropped their price target on H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. 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, Stifel Nicolaus cut their price target on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st.

H&E Equipment Services Price Performance

NASDAQ:HEES opened at $51.38 on Friday. The stock’s 50 day moving average price is $46.71 and its two-hundred day moving average price is $49.62. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 11.00, a P/E/G 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.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.12). H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. The firm had revenue of $376.30 million for the quarter, compared to analyst estimates of $382.05 million. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was up 4.5% on a year-over-year basis. On average, analysts anticipate that H&E Equipment Services will post 3.52 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Wednesday, August 28th. H&E Equipment Services’s dividend payout ratio is presently 23.55%.

Hedge Funds Weigh In On H&E Equipment Services

A number of hedge funds have recently bought and sold shares of HEES. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of H&E Equipment Services in the 2nd quarter worth $37,000. CWM LLC boosted its stake 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 worth $41,000 after acquiring an additional 278 shares during the last quarter. Fidelis Capital Partners LLC bought 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 in the 2nd quarter worth $65,000. Finally, Quest Partners LLC purchased a new stake in shares of H&E Equipment Services in the 2nd quarter worth $109,000. Hedge funds and other institutional investors own 84.08% of the company’s stock.

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.