H&E Equipment Services’ (HEES) Neutral Rating Reiterated at UBS Group

UBS Group reaffirmed their neutral rating on shares of H&E Equipment Services (NASDAQ:HEES) in a report published on Friday, Marketbeat Ratings reports. UBS Group currently has a $92.00 price target on the industrial products company’s stock, up from their previous price target of $60.00.

Separately, B. Riley restated a “buy” rating and set a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $69.25.

H&E Equipment Services Trading Down 0.7 %

Shares of H&E Equipment Services stock opened at $88.12 on Friday. 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 has a 12-month low of $40.92 and a 12-month high of $90.66. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 8.97 and a beta of 1.88. The firm’s 50-day moving average price is $56.83 and its two-hundred day moving average price is $51.71.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. During the same period last year, the business earned $1.46 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. On average, analysts forecast that H&E Equipment Services will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 1.25%. H&E Equipment Services’s dividend payout ratio is currently 27.92%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. increased its position in H&E Equipment Services by 0.7% in the 2nd quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company’s stock valued at $2,047,000 after acquiring an additional 326 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of H&E Equipment Services by 7.1% in the third quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after buying an additional 555 shares during the period. Diversified Trust Co raised its position in shares of H&E Equipment Services by 5.7% during the fourth quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock worth $520,000 after acquiring an additional 574 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of H&E Equipment Services by 3.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,343 shares of the industrial products company’s stock worth $810,000 after purchasing an additional 627 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in H&E Equipment Services by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock valued at $4,896,000 after buying an additional 664 shares during the period. Institutional investors own 84.08% of the company’s stock.

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.