H&E Equipment Services (HEES) Reaches New 1-Year High at $38.40

H&E Equipment Services, Inc. (NASDAQ:HEES)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $38.40 and last traded at $38.02, with a volume of 281600 shares traded. The stock had previously closed at $37.70.

A number of equities analysts have recently commented on HEES shares. Bank of America started coverage on H&E Equipment Services in a report on Tuesday, September 26th. They set a “buy” rating and a $33.00 price target for the company. ValuEngine cut H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research cut H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. UBS boosted their price target on H&E Equipment Services from $16.00 to $17.00 and gave the stock a “sell” rating in a report on Friday, October 27th. Finally, Buckingham Research started coverage on H&E Equipment Services in a report on Tuesday, November 21st. They set a “buy” rating and a $39.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. H&E Equipment Services presently has an average rating of “Buy” and an average price target of $31.40.

The firm has a market capitalization of $1,360.00, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.52 and a beta of 2.90. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 5.29.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.32. The business had revenue of $259.16 million for the quarter, compared to analyst estimates of $252.94 million. H&E Equipment Services had a return on equity of 38.83% and a net margin of 3.69%. H&E Equipment Services’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. analysts forecast that H&E Equipment Services, Inc. will post 1.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 20th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.10 dividend on an annualized basis and a yield of 2.88%. H&E Equipment Services’s dividend payout ratio is currently 107.84%.

A number of hedge funds have recently modified their holdings of the stock. Teachers Advisors LLC grew its position in shares of H&E Equipment Services by 3.5% in the 1st quarter. Teachers Advisors LLC now owns 61,191 shares of the industrial products company’s stock valued at $1,500,000 after buying an additional 2,072 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of H&E Equipment Services in the 1st quarter valued at about $230,000. State Street Corp grew its position in shares of H&E Equipment Services by 1.3% in the 1st quarter. State Street Corp now owns 613,026 shares of the industrial products company’s stock valued at $15,029,000 after buying an additional 7,882 shares during the last quarter. Aperio Group LLC grew its position in shares of H&E Equipment Services by 13.1% in the 2nd quarter. Aperio Group LLC now owns 14,300 shares of the industrial products company’s stock valued at $292,000 after buying an additional 1,652 shares during the last quarter. Finally, Strs Ohio grew its position in shares of H&E Equipment Services by 6.2% in the 2nd quarter. Strs Ohio now owns 34,400 shares of the industrial products company’s stock valued at $702,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

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H&E Equipment Services Company Profile

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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