Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $31.75.

HEES has been the topic of a number of research analyst reports. UBS Group raised their price target on shares of H&E Equipment Services from $16.00 to $17.00 and gave the company a “sell” rating in a research note on Friday, October 27th. Bank of America assumed coverage on shares of 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. Buckingham Research assumed coverage on shares of 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. Zacks Investment Research lowered shares of H&E Equipment Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating in a research note on Sunday.

Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in H&E Equipment Services by 0.3% in the second quarter. Wells Fargo & Company MN now owns 65,199 shares of the industrial products company’s stock worth $1,331,000 after acquiring an additional 213 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of H&E Equipment Services by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 118,078 shares of the industrial products company’s stock valued at $2,410,000 after acquiring an additional 303 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of H&E Equipment Services by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 25,057 shares of the industrial products company’s stock valued at $512,000 after acquiring an additional 311 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of H&E Equipment Services by 4.3% during the second quarter. Legal & General Group Plc now owns 7,752 shares of the industrial products company’s stock valued at $157,000 after acquiring an additional 317 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of H&E Equipment Services by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 5,014 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 461 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

H&E Equipment Services (NASDAQ HEES) opened at $38.20 on Thursday. The firm has a market cap of $1,360.00, a PE ratio of 37.45, a PEG ratio of 1.40 and a beta of 2.90. H&E Equipment Services has a 1 year low of $17.44 and a 1 year high of $41.06. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.06 and a quick ratio of 0.71.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.76 EPS 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 net margin of 3.69% and a return on equity of 38.83%. H&E Equipment Services’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. sell-side analysts predict that H&E Equipment Services will post 1.6 EPS for the current fiscal year.

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

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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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