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

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $61.25.

Several analysts recently issued reports on HEES shares. Stifel Nicolaus reduced their price target on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. UBS Group decreased their target price on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. KeyCorp began coverage on shares of H&E Equipment Services in a research report on Friday, August 9th. They issued a “sector weight” rating on the stock. Finally, B. Riley reissued a “buy” rating and set a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th.

H&E Equipment Services Price Performance

HEES stock opened at $58.76 on Monday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The company’s 50-day moving average is $52.64 and its 200-day moving average is $48.72. The stock has a market capitalization of $2.15 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 12.94 and a beta of 1.82. H&E Equipment Services has a 1 year low of $40.92 and a 1 year high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.15). The firm had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 EPS. Equities research analysts expect that H&E Equipment Services will post 3.34 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, November 29th. H&E Equipment Services’s payout ratio is 27.92%.

Hedge Funds Weigh In On H&E Equipment Services

Several hedge funds have recently modified their holdings of the company. CWM LLC lifted its holdings in 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 acquiring an additional 278 shares during the period. Federated Hermes Inc. raised its stake in shares of H&E Equipment Services by 0.7% during the 2nd quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company’s stock worth $2,047,000 after purchasing an additional 326 shares during the period. Diversified Trust Co boosted its holdings in shares of H&E Equipment Services by 5.3% in the 2nd quarter. Diversified Trust Co now owns 10,027 shares of the industrial products company’s stock worth $443,000 after buying an additional 503 shares during the last quarter. Nisa Investment Advisors LLC grew its position in H&E Equipment Services by 7.1% during the third quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after buying an additional 555 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in H&E Equipment Services by 3.5% during the second quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company’s stock worth $810,000 after buying an additional 627 shares during the last quarter. 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.