H&E Equipment Services, Inc. (NASDAQ:HEES) Receives $61.25 Average Price Target from Analysts

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $61.25.

A number of equities research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. UBS Group dropped their price objective on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. KeyCorp started coverage on shares of H&E Equipment Services in a report on Friday, August 9th. They issued a “sector weight” rating for the company. Finally, Stifel Nicolaus decreased their target price on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st.

Institutional Trading of H&E Equipment Services

Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. lifted its position in shares of H&E Equipment Services by 104.6% during the second quarter. American Century Companies Inc. now owns 1,410,554 shares of the industrial products company’s stock worth $62,304,000 after purchasing an additional 721,270 shares in the last quarter. State Street Corp lifted its position in shares of H&E Equipment Services by 2.9% during the third quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after purchasing an additional 21,805 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of H&E Equipment Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after purchasing an additional 4,226 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of H&E Equipment Services by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company’s stock worth $27,842,000 after buying an additional 41,749 shares during the period. Finally, abrdn plc increased its stake in shares of H&E Equipment Services by 5.2% during the third quarter. abrdn plc now owns 338,938 shares of the industrial products company’s stock worth $16,500,000 after buying an additional 16,681 shares during the period. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES opened at $59.33 on Monday. The firm has a market cap of $2.17 billion, a PE ratio of 15.06, a PEG ratio of 13.88 and a beta of 1.82. The firm has a fifty day moving average of $53.50 and a 200 day moving average of $48.95. 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 one year low of $40.92 and a one year high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results 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 return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.86 million for the quarter, compared to analysts’ expectations of $388.18 million. During the same period in the previous year, the company earned $1.46 EPS. H&E Equipment Services’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, research analysts predict that H&E Equipment Services will post 3.34 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.275 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a yield of 1.85%. H&E Equipment Services’s payout ratio is currently 27.92%.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, 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.