H&E Equipment Services, Inc. (NASDAQ:HEES) Receives $69.25 Consensus Target Price from Analysts

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $69.25.

Several brokerages have recently issued reports on HEES. B. Riley reaffirmed a “buy” rating and issued 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. StockNews.com started coverage on shares of H&E Equipment Services in a report on Sunday. They set a “hold” rating for the company. Finally, UBS Group reiterated a “neutral” rating and set a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th.

Institutional Investors Weigh In On H&E Equipment Services

Hedge funds have recently bought and sold shares of the company. State Street Corp increased its position in shares of H&E Equipment Services by 2.9% in the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after buying an additional 21,805 shares in the last quarter. Geode Capital Management LLC grew its stake in H&E Equipment Services by 0.6% in the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock valued at $36,762,000 after acquiring an additional 4,226 shares during the period. Victory Capital Management Inc. increased its holdings in shares of H&E Equipment Services by 1,238.8% in the fourth quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company’s stock worth $33,778,000 after acquiring an additional 638,379 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of H&E Equipment Services during the fourth quarter worth about $28,780,000. Finally, Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 41,749 shares during the period. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Price Performance

H&E Equipment Services stock opened at $86.80 on Friday. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 22.03 and a beta of 1.93. H&E Equipment Services has a 12-month low of $40.92 and a 12-month high of $90.66. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The business’s 50-day simple moving average is $65.73 and its 200 day simple moving average is $55.91.

H&E Equipment Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is currently 27.92%.

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.