H&E Equipment Services, Inc. (NASDAQ:HEES) Receives $71.33 Consensus PT from Brokerages

H&E Equipment Services, Inc. (NASDAQ:HEES) has received an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $71.33.

A number of research analysts recently commented on the company. UBS Group restated a “neutral” rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. StockNews.com began coverage on shares of H&E Equipment Services in a report on Sunday. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HEES. Meeder Asset Management Inc. boosted its stake in shares of H&E Equipment Services by 17.8% in the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 220 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in H&E Equipment Services in the third quarter valued at about $84,000. Point72 Asia Singapore Pte. Ltd. boosted its position in H&E Equipment Services by 227.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,910 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in H&E Equipment Services by 38.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after buying an additional 1,166 shares during the last quarter. Finally, L.M. Kohn & Company acquired a new stake in shares of H&E Equipment Services during the third quarter worth approximately $217,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Stock Performance

NASDAQ HEES opened at $93.08 on Friday. The company’s fifty day moving average is $92.98 and its two-hundred day moving average is $69.19. H&E Equipment Services has a 52-week low of $40.93 and a 52-week high of $101.28. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 23.62 and a beta of 1.94.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. Equities research analysts forecast that H&E Equipment Services will post 3.25 EPS for the current year.

H&E Equipment Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is 32.64%.

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.