H&E Equipment Services (NASDAQ:HEES) Research Coverage Started at StockNews.com

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

Separately, UBS Group reiterated a “neutral” rating and set a $92.00 target price (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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $71.33.

H&E Equipment Services Stock Performance

Shares of H&E Equipment Services stock opened at $94.79 on Friday. The company has a market cap of $3.48 billion, a P/E ratio of 24.06 and a beta of 1.94. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The business has a 50-day moving average price of $92.53 and a two-hundred day moving average price of $67.96. H&E Equipment Services has a 1-year low of $40.93 and a 1-year high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate 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 business had revenue of $384.08 million during the quarter, compared to analysts’ expectations of $372.50 million. As a group, analysts anticipate that H&E Equipment Services will post 3.25 EPS for the current year.

H&E Equipment Services Dividend Announcement

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

Institutional Trading of H&E Equipment Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new position in shares of H&E Equipment Services during the third quarter valued at about $343,000. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $27,842,000 after purchasing an additional 41,749 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in H&E Equipment Services during the 3rd quarter worth approximately $398,000. BNP Paribas Financial Markets raised its stake in shares of H&E Equipment Services by 5.3% in the third quarter. BNP Paribas Financial Markets now owns 44,175 shares of the industrial products company’s stock worth $2,150,000 after purchasing an additional 2,238 shares during the last quarter. Finally, Bridgewater Associates LP bought a new position in shares of H&E Equipment Services in the third quarter valued at approximately $3,489,000. 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.