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 report published on Friday morning. The firm issued a hold rating on the industrial products company’s stock.

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

H&E Equipment Services Stock Performance

H&E Equipment Services stock opened at $95.03 on Friday. H&E Equipment Services has a twelve month low of $40.93 and a twelve month high of $101.28. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $3.48 billion, a P/E ratio of 24.12 and a beta of 1.94. The stock’s 50 day moving average is $90.82 and its 200 day moving average is $65.75.

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 analysts’ consensus estimates of $0.81 by $0.18. The firm had revenue of $384.08 million for the quarter, compared to analysts’ expectations of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. On average, equities research analysts predict that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a dividend of $0.275 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.16%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 32.64%.

Institutional Investors Weigh In On H&E Equipment Services

Large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. grew its stake in shares of H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 220 shares during the period. Millburn Ridgefield Corp bought a new stake in H&E Equipment Services in the 3rd quarter worth approximately $84,000. Point72 Asia Singapore Pte. Ltd. raised its stake in H&E Equipment Services by 227.7% during the 3rd 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 during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of H&E Equipment Services by 38.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock valued at $190,000 after buying an additional 1,166 shares during the period. Finally, L.M. Kohn & Company purchased a new position in shares of H&E Equipment Services in the 3rd quarter worth $217,000. 84.08% of the stock is currently owned by institutional investors.

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.