H&E Equipment Services (NASDAQ:HEES) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of H&E Equipment Services (NASDAQ:HEES) from a sell rating to a hold rating in a research report released on Friday, June 21st, BidAskClub reports.

Several other analysts have also issued reports on HEES. UBS Group reaffirmed a hold rating and issued a $7.80 target price on shares of Deutsche Bank in a research note on Friday, April 26th. ValuEngine lowered Wave Life Sciences from a buy rating to a hold rating in a research note on Tuesday, April 16th. Zacks Investment Research lowered HANNOVER RUECK/S from a hold rating to a sell rating in a research note on Monday, April 22nd. Longbow Research assumed coverage on H&E Equipment Services in a research note on Friday, March 29th. They set a buy rating and a $34.00 price objective for the company. Finally, Bank of America reissued a buy rating and set a $420.00 price objective (up previously from $400.00) on shares of Lendingtree in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $31.60.

Shares of NASDAQ HEES traded up $1.13 during midday trading on Friday, hitting $27.68. 181,858 shares of the company’s stock were exchanged, compared to its average volume of 174,287. The stock has a market capitalization of $990.31 million, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 1.12 and a beta of 2.84. The firm has a fifty day moving average price of $27.04. The company has a current ratio of 0.74, a quick ratio of 0.44 and a debt-to-equity ratio of 3.61. H&E Equipment Services has a 12-month low of $18.12 and a 12-month high of $40.20.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Thursday, April 25th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.11. The business had revenue of $313.60 million during the quarter, compared to analyst estimates of $288.61 million. H&E Equipment Services had a return on equity of 32.93% and a net margin of 6.30%. H&E Equipment Services’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, equities research analysts forecast that H&E Equipment Services will post 2.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.97%. H&E Equipment Services’s dividend payout ratio is presently 51.64%.

Several institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC raised its holdings in shares of H&E Equipment Services by 2.6% during the first quarter. Clearbridge Investments LLC now owns 2,278,500 shares of the industrial products company’s stock valued at $57,213,000 after acquiring an additional 58,077 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of H&E Equipment Services by 1.9% during the fourth quarter. Macquarie Group Ltd. now owns 1,735,048 shares of the industrial products company’s stock valued at $35,430,000 after acquiring an additional 31,800 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of H&E Equipment Services by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,655,804 shares of the industrial products company’s stock valued at $33,812,000 after acquiring an additional 26,558 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of H&E Equipment Services by 10.9% during the first quarter. JPMorgan Chase & Co. now owns 1,132,118 shares of the industrial products company’s stock valued at $28,428,000 after acquiring an additional 111,052 shares in the last quarter. Finally, Norges Bank bought a new position in shares of H&E Equipment Services during the fourth quarter valued at approximately $14,358,000. Institutional investors own 71.04% of the company’s stock.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.

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