Analysts Set H&E Equipment Services, Inc. (NASDAQ:HEES) PT at $71.33

H&E Equipment Services, Inc. (NASDAQ:HEES) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $71.33.

Several equities research analysts recently weighed in on HEES shares. UBS Group restated a “neutral” rating and set a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. StockNews.com began coverage on shares of H&E Equipment Services in a research note on Wednesday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On H&E Equipment Services

Several institutional investors and hedge funds have recently modified their holdings of HEES. Creative Planning purchased a new position in shares of H&E Equipment Services in the third quarter worth $254,000. Nisa Investment Advisors LLC raised 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 worth $408,000 after buying an additional 555 shares during the period. Versor Investments LP lifted its holdings in H&E Equipment Services by 86.1% during the third quarter. Versor Investments LP now owns 20,781 shares of the industrial products company’s stock valued at $1,012,000 after purchasing an additional 9,616 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of H&E Equipment Services by 409.2% during the 3rd quarter. Victory Capital Management Inc. now owns 51,532 shares of the industrial products company’s stock valued at $2,509,000 after purchasing an additional 41,412 shares during the period. Finally, Segall Bryant & Hamill LLC raised its holdings in H&E Equipment Services by 0.7% during 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 acquiring an additional 664 shares during the period. 84.08% of the stock is currently owned by institutional investors.

H&E Equipment Services Trading Up 0.3 %

Shares of H&E Equipment Services stock opened at $94.15 on Wednesday. H&E Equipment Services has a 1 year low of $40.93 and a 1 year high of $101.28. The company has a 50 day simple moving average of $81.52 and a two-hundred day simple moving average of $62.23. The firm has a market cap of $3.45 billion, a PE ratio of 23.90 and a beta of 1.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.18. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. Analysts expect that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.17%. H&E Equipment Services’s payout ratio is currently 32.64%.

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.