H&E Equipment Services (NASDAQ:HEES) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a report published on Sunday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Separately, UBS Group reiterated a “neutral” rating and set a $92.00 price objective (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.33.

H&E Equipment Services Stock Down 1.2 %

H&E Equipment Services stock opened at $93.08 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a 1-year low of $40.93 and a 1-year high of $101.28. The company has a fifty day simple moving average of $92.98 and a 200 day simple moving average of $69.35. The company has a market cap of $3.41 billion, a P/E ratio of 23.62 and a beta of 1.74.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. Research analysts anticipate that H&E Equipment Services will post 3.25 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 Monday, February 24th. Shareholders 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 yield of 1.18%. H&E Equipment Services’s dividend payout ratio is 32.64%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in shares of H&E Equipment Services by 3,997.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 32,824 shares of the industrial products company’s stock valued at $1,607,000 after purchasing an additional 32,023 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of H&E Equipment Services by 26.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 78,203 shares of the industrial products company’s stock worth $3,829,000 after buying an additional 16,401 shares during the period. Westwood Holdings Group Inc. grew its stake in H&E Equipment Services by 2,576.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock valued at $41,884,000 after buying an additional 823,510 shares during the last quarter. ProShare Advisors LLC raised its holdings in H&E Equipment Services by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 9,087 shares of the industrial products company’s stock valued at $445,000 after acquiring an additional 2,990 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in H&E Equipment Services by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company’s stock worth $6,408,000 after acquiring an additional 601 shares during the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.

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.