H&E Equipment Services (NASDAQ:HEES) Earns Hold Rating from Analysts at StockNews.com

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

Several other brokerages have also recently issued reports on HEES. B. Riley restated a “buy” rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. UBS Group reiterated a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $69.25.

H&E Equipment Services Price Performance

HEES opened at $86.86 on Friday. The company has a market capitalization of $3.18 billion, a P/E ratio of 22.05 and a beta of 1.93. The company has a 50-day moving average of $66.30 and a 200-day moving average of $56.15. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. H&E Equipment Services has a 1-year low of $40.92 and a 1-year high of $90.66.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be issued a $0.275 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.27%. H&E Equipment Services’s dividend payout ratio (DPR) is presently 27.92%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millburn Ridgefield Corp bought a new stake in shares of H&E Equipment Services during the third quarter valued at 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 acquiring an additional 1,910 shares in the last quarter. L.M. Kohn & Company acquired a new position in H&E Equipment Services during the 3rd quarter worth $217,000. Creative Planning bought a new position in shares of H&E Equipment Services in the third quarter worth $254,000. Finally, Americana Partners LLC acquired a new position in shares of H&E Equipment Services during the third quarter valued at $283,000. 84.08% of the stock is owned by institutional investors and hedge funds.

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.