H&E Equipment Services, Inc. (NASDAQ:HEES) Receives $61.25 Average Target Price from Analysts

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $61.25.

Separately, B. Riley restated a “buy” rating and issued a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of H&E Equipment Services by 104.6% in the second quarter. American Century Companies Inc. now owns 1,410,554 shares of the industrial products company’s stock worth $62,304,000 after acquiring an additional 721,270 shares in the last quarter. State Street Corp grew its position in shares of H&E Equipment Services by 2.9% in the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after purchasing an additional 21,805 shares during the period. Geode Capital Management LLC increased its stake in H&E Equipment Services by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after purchasing an additional 4,226 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in H&E Equipment Services by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company’s stock worth $27,842,000 after buying an additional 41,749 shares during the period. Finally, abrdn plc lifted its stake in H&E Equipment Services by 5.2% in the third quarter. abrdn plc now owns 338,938 shares of the industrial products company’s stock valued at $16,500,000 after buying an additional 16,681 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Price Performance

Shares of HEES stock opened at $50.21 on Friday. H&E Equipment Services has a 52 week low of $40.92 and a 52 week high of $66.18. The stock has a market capitalization of $1.84 billion, a PE ratio of 12.74, a PEG ratio of 13.24 and a beta of 1.84. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The stock’s fifty day moving average is $55.78 and its 200-day moving average is $50.02.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. During the same period in the prior year, the company earned $1.46 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Equities research analysts expect that H&E Equipment Services will post 3.27 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 annualized dividend and a dividend yield of 2.19%. H&E Equipment Services’s dividend payout ratio is currently 27.92%.

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.