H&E Equipment Services (NASDAQ:HEES) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a research note published on Wednesday morning. The firm issued a hold rating on the industrial products company’s stock.

Separately, UBS Group reiterated a “neutral” rating and set a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, H&E Equipment Services has a consensus rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Price Performance

Shares of NASDAQ:HEES opened at $94.47 on Wednesday. H&E Equipment Services has a one year low of $40.93 and a one year high of $101.28. The stock has a fifty day moving average of $79.76 and a 200-day moving average of $61.68. The company has a market capitalization of $3.46 billion, a PE ratio of 23.98 and a beta of 1.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. As a group, equities analysts anticipate that H&E Equipment Services will post 3.25 EPS for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.16%. H&E Equipment Services’s payout ratio is currently 32.64%.

Institutional Trading of H&E Equipment Services

A number of hedge funds have recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in shares of H&E Equipment Services by 17.2% in the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock valued at $104,493,000 after purchasing an additional 313,880 shares in the last quarter. Pertento Partners LLP lifted its holdings in shares of H&E Equipment Services by 13.1% in the fourth quarter. Pertento Partners LLP now owns 1,030,094 shares of the industrial products company’s stock valued at $50,433,000 after purchasing an additional 119,151 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of H&E Equipment Services by 2,576.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock worth $41,884,000 after acquiring an additional 823,510 shares in the last quarter. State Street Corp raised its holdings in shares of H&E Equipment Services by 2.9% during the third quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after acquiring an additional 21,805 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of H&E Equipment Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after acquiring an additional 4,226 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

About H&E Equipment Services

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.