Brokerages Set H&E Equipment Services, Inc. (NASDAQ:HEES) Target Price at $71.33

H&E Equipment Services, Inc. (NASDAQ:HEES) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $71.33.

Several equities analysts have commented on HEES shares. StockNews.com started coverage on shares of H&E Equipment Services in a research report on Wednesday, March 5th. They set a “hold” rating on the stock. UBS Group reaffirmed a “neutral” rating and issued a $92.00 price target (up 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 and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. grew its position in H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock worth $71,000 after buying an additional 220 shares in the last quarter. Millburn Ridgefield Corp acquired a new stake in H&E Equipment Services during the third quarter worth about $84,000. Point72 Asia Singapore Pte. Ltd. grew its position in H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after buying an additional 1,910 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in H&E Equipment Services by 38.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after buying an additional 1,166 shares in the last quarter. Finally, L.M. Kohn & Company acquired a new stake in H&E Equipment Services during the third quarter worth about $217,000. 84.08% of the stock is owned by institutional investors and hedge funds.

H&E Equipment Services Trading Up 0.4 %

H&E Equipment Services stock opened at $93.82 on Wednesday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 23.81 and a beta of 1.94. H&E Equipment Services has a one year low of $40.93 and a one year high of $101.28. The company’s fifty day moving average price is $83.30 and its two-hundred day moving average price is $63.11.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.81 by $0.18. The firm had revenue of $384.08 million for the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. On average, analysts forecast that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services’s dividend payout ratio is currently 32.64%.

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.