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

StockNews.com assumed coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a report issued on Friday. The brokerage issued a hold rating on the industrial products company’s stock.

A number of other equities research analysts also recently commented on the company. UBS Group reiterated a “neutral” rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. B. Riley reaffirmed a “buy” rating and issued a $60.00 price target (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, H&E Equipment Services currently has a consensus rating of “Hold” and an average price target of $69.25.

H&E Equipment Services Price Performance

NASDAQ HEES opened at $88.50 on Friday. The business’s fifty day moving average price is $59.78 and its 200-day moving average price is $53.31. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 22.46 and a beta of 1.88. H&E Equipment Services has a 1-year low of $40.92 and a 1-year high of $90.66. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $388.18 million. During the same quarter in the previous year, the company earned $1.46 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities analysts predict that H&E Equipment Services will post 3.27 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.275 per share. The ex-dividend date was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 1.24%. H&E Equipment Services’s payout ratio is 27.92%.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in H&E Equipment Services by 186.0% during the third quarter. Assenagon Asset Management S.A. now owns 194,102 shares of the industrial products company’s stock valued at $9,449,000 after buying an additional 126,244 shares during the period. Millennium Management LLC raised its holdings in H&E Equipment Services by 200.6% in the 2nd quarter. Millennium Management LLC now owns 133,554 shares of the industrial products company’s stock valued at $5,899,000 after buying an additional 89,128 shares during the period. Bridgewater Associates LP acquired a new position in shares of H&E Equipment Services in the 3rd quarter worth approximately $3,489,000. Two Sigma Advisers LP raised its position in H&E Equipment Services by 36.4% in the third quarter. Two Sigma Advisers LP now owns 237,785 shares of the industrial products company’s stock valued at $11,575,000 after purchasing an additional 63,500 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of H&E Equipment Services in the second quarter valued at $2,793,000. 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 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.