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

StockNews.com assumed coverage on shares of H&E Equipment Services (NASDAQ:HEES - Free Report) in a research report released on Monday morning. The firm issued a hold rating on the industrial products company's stock.

Separately, UBS Group reissued a "neutral" rating and set a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $71.33.

H&E Equipment Services Stock Performance

Shares of HEES traded up $0.04 during mid-day trading on Monday, reaching $90.73. The company had a trading volume of 442,103 shares, compared to its average volume of 532,951. The stock has a 50 day moving average of $93.86 and a two-hundred day moving average of $72.51. 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 stock has a market capitalization of $3.33 billion, a P/E ratio of 23.03 and a beta of 1.74. H&E Equipment Services has a 52-week low of $40.93 and a 52-week high of $101.28.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its quarterly earnings data 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 business had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. On average, analysts expect that H&E Equipment Services will post 3.25 earnings per share for the current year.

H&E Equipment Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Tuesday, February 18th. H&E Equipment Services's dividend payout ratio (DPR) is 32.64%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in H&E Equipment Services by 108.4% in the 1st quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after acquiring an additional 220 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in H&E Equipment Services by 38.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company's stock valued at $190,000 after acquiring an additional 1,166 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in H&E Equipment Services in the third quarter worth approximately $288,000. Finally, Commonwealth Equity Services LLC grew its holdings in H&E Equipment Services by 15.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company's stock worth $299,000 after acquiring an additional 799 shares in the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

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.