H&E Equipment Services (NASDAQ:HEES) Now Covered by StockNews.com

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

Separately, 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 report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $71.33.

H&E Equipment Services Stock Performance

Shares of NASDAQ:HEES opened at $93.08 on Friday. H&E Equipment Services has a 12-month low of $40.93 and a 12-month high of $101.28. The company’s 50 day moving average price is $92.98 and its two-hundred day moving average price is $69.35. The firm has a market cap of $3.41 billion, a PE ratio of 23.62 and a beta of 1.74. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data 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 analyst estimates of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. Equities research analysts predict that H&E Equipment Services will post 3.25 earnings per share 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. Stockholders of record on Tuesday, February 18th were paid a $0.275 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.18%. H&E Equipment Services’s payout ratio is currently 32.64%.

Hedge Funds Weigh In On H&E Equipment Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. increased its holdings in shares of H&E Equipment Services by 2,576.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock worth $41,884,000 after buying an additional 823,510 shares in the last quarter. Victory Capital Management Inc. increased its holdings in H&E Equipment Services by 1,238.8% in the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company’s stock worth $33,778,000 after purchasing an additional 638,379 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in H&E Equipment Services in the fourth quarter valued at about $28,780,000. Voya Investment Management LLC grew its holdings in shares of H&E Equipment Services by 3,914.1% during the fourth quarter. Voya Investment Management LLC now owns 424,809 shares of the industrial products company’s stock worth $20,799,000 after purchasing an additional 414,226 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of H&E Equipment Services by 17.2% in the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock valued at $104,493,000 after buying an additional 313,880 shares during the period. Institutional investors own 84.08% of the company’s stock.

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.