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

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

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in H&E Equipment Services by 104.6% in the second quarter. American Century Companies Inc. now owns 1,410,554 shares of the industrial products company’s stock valued at $62,304,000 after buying an additional 721,270 shares in the last quarter. State Street Corp grew its stake 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 valued at $37,925,000 after purchasing an additional 21,805 shares during the last quarter. Geode Capital Management LLC boosted its position in H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock valued at $36,762,000 after buying an additional 4,226 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in H&E Equipment Services by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company’s stock valued at $27,842,000 after acquiring an additional 41,749 shares during the last quarter. Finally, abrdn plc boosted its stake in shares of H&E Equipment Services by 5.2% in the 3rd quarter. abrdn plc now owns 338,938 shares of the industrial products company’s stock valued at $16,500,000 after purchasing an additional 16,681 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

H&E Equipment Services Stock Performance

Shares of HEES stock opened at $88.75 on Tuesday. The firm has a market cap of $3.25 billion, a P/E ratio of 22.53, a PEG ratio of 8.97 and a beta of 1.88. The stock’s 50-day moving average is $56.26 and its two-hundred day moving average is $51.28. 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 has a fifty-two week low of $40.92 and a fifty-two week high of $90.66.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). The company had revenue of $384.86 million for 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 was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.46 EPS. Analysts predict that H&E Equipment Services will post 3.27 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Friday, November 29th. H&E Equipment Services’s payout ratio is 27.92%.

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.