StockNews.com Lowers H&E Equipment Services (NASDAQ:HEES) to Hold

StockNews.com lowered shares of H&E Equipment Services (NASDAQ:HEES) from a buy rating to a hold rating in a report released on Friday.

Separately, B. Riley boosted their price objective on H&E Equipment Services from $47.00 to $61.00 and gave the company a buy rating in a report on Friday, July 28th.

H&E Equipment Services Price Performance

Shares of HEES stock opened at $45.95 on Friday. H&E Equipment Services has a 1-year low of $32.33 and a 1-year high of $56.47. The stock’s 50-day moving average is $42.72 and its 200 day moving average is $43.19. The company has a market cap of $1.67 billion, a P/E ratio of 9.97, a PEG ratio of 0.77 and a beta of 1.97. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.85 and a quick ratio of 1.23.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $400.70 million during the quarter, compared to analysts’ expectations of $370.61 million. H&E Equipment Services had a return on equity of 38.97% and a net margin of 11.62%. Research analysts predict that H&E Equipment Services will post 4.5 earnings per share 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, December 15th. Stockholders of record on Tuesday, November 28th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Monday, November 27th. H&E Equipment Services’s dividend payout ratio (DPR) is 23.86%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new position in H&E Equipment Services in the second quarter worth about $30,000. West Tower Group LLC bought a new position in shares of H&E Equipment Services in the second quarter valued at $36,000. Sunbelt Securities Inc. bought a new position in shares of H&E Equipment Services in the first quarter valued at $36,000. Tower Research Capital LLC TRC grew its position in H&E Equipment Services by 396.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 839 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 670 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of H&E Equipment Services during the 2nd quarter valued at $48,000. 76.15% of the stock is owned by hedge funds and other institutional investors.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, Used Equipment Sales, New Equipment Sales, 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.