Analysts Set H&E Equipment Services, Inc. (NASDAQ:HEES) Price Target at $61.25

by · The Markets Daily

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES – Get Free Report) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers 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 from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th.

Read Our Latest Stock Report on HEES

H&E Equipment Services Trading Up 0.3 %

Shares of HEES opened at $50.37 on Friday. H&E Equipment Services has a fifty-two week low of $40.92 and a fifty-two week high of $66.18. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 13.24 and a beta of 1.84. The firm has a 50 day moving average price of $55.74 and a 200-day moving average price of $50.06. 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 (NASDAQ:HEES – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $384.86 million during the quarter, compared to the consensus estimate of $388.18 million. During the same period in the prior year, the firm earned $1.46 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts forecast that H&E Equipment Services will post 3.27 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Friday, November 29th. H&E Equipment Services’s payout ratio is 27.92%.

Institutional Trading of H&E Equipment Services

Several large investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in H&E Equipment Services by 42.5% in the second quarter. CWM LLC now owns 932 shares of the industrial products company’s stock worth $41,000 after buying an additional 278 shares during the period. Federated Hermes Inc. raised its position in shares of H&E Equipment Services by 0.7% in the 2nd quarter. Federated Hermes Inc. now owns 46,350 shares of the industrial products company’s stock worth $2,047,000 after acquiring an additional 326 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of H&E Equipment Services by 7.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 555 shares during the period. The Manufacturers Life Insurance Company boosted its position 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 valued at $810,000 after purchasing an additional 627 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in H&E Equipment Services by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 100,566 shares of the industrial products company’s stock worth $4,896,000 after purchasing an additional 664 shares during the period. Institutional investors own 84.08% of the company’s stock.

About H&E Equipment Services

(Get Free Report

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.

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