UBS Group Trims H&E Equipment Services (NASDAQ:HEES) Target Price to $60.00

H&E Equipment Services (NASDAQ:HEES) had its target price cut by UBS Group from $63.00 to $60.00 in a report issued on Wednesday, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

A number of other research analysts also recently commented on the company. StockNews.com downgraded H&E Equipment Services from a buy rating to a hold rating in a research note on Thursday, May 2nd. Stifel Nicolaus decreased their target price 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. Raymond James began coverage on H&E Equipment Services in a research note on Friday, June 28th. They set a market perform rating for the company. Finally, KeyCorp began coverage on H&E Equipment Services in a research report on Friday, August 9th. They issued a sector weight rating for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $61.67.

H&E Equipment Services Stock Performance

Shares of HEES opened at $45.87 on Wednesday. The business’s 50 day moving average is $46.52 and its two-hundred day moving average is $52.10. H&E Equipment Services has a 52-week low of $38.06 and a 52-week high of $66.18. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 9.98 and a beta of 1.89. The company has a quick ratio of 0.62, a current ratio of 0.61 and a debt-to-equity ratio of 2.17.

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

H&E Equipment Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $1.10 dividend on an annualized basis and a yield of 2.40%. H&E Equipment Services’s payout ratio is presently 23.55%.

Institutional Investors Weigh In On H&E Equipment Services

Institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of H&E Equipment Services during the 2nd quarter worth about $37,000. CWM LLC raised its stake in shares of H&E Equipment Services by 42.5% in the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 278 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in H&E Equipment Services in the 1st quarter valued at approximately $62,000. Meeder Asset Management Inc. acquired a new stake in H&E Equipment Services in the 2nd quarter valued at approximately $65,000. Finally, Quest Partners LLC acquired a new stake in H&E Equipment Services in the 2nd quarter valued at approximately $109,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

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.