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

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $61.25.

Separately, B. Riley reiterated a “buy” rating and set a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th.

Institutional Investors Weigh In On H&E Equipment Services

A number of institutional investors and hedge funds have recently made changes to their positions in the business. KG&L Capital Management LLC acquired a new position in H&E Equipment Services in the 3rd quarter valued at about $542,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of H&E Equipment Services in the 2nd quarter valued at approximately $545,000. Jade Capital Advisors LLC acquired a new position in shares of H&E Equipment Services in the third quarter valued at approximately $1,217,000. The Manufacturers Life Insurance Company raised its stake in shares of H&E Equipment Services by 3.5% during the second 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 last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of H&E Equipment Services during the third quarter worth $524,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services Trading Down 1.2 %

HEES opened at $48.79 on Friday. 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. The company has a market cap of $1.79 billion, a P/E ratio of 12.38, a PEG ratio of 13.24 and a beta of 1.84. The business’s 50-day simple moving average is $55.85 and its 200-day simple moving average is $49.99.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly 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). The business had revenue of $384.86 million during the quarter, compared to analyst estimates of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $1.46 earnings per share. As a group, equities research analysts expect that H&E Equipment Services will post 3.27 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, November 29th. H&E Equipment Services’s dividend 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.