Stifel Nicolaus Trims H&E Equipment Services (NASDAQ:HEES) Target Price to $62.00

H&E Equipment Services (NASDAQ:HEES) had its price objective trimmed by Stifel Nicolaus from $65.00 to $62.00 in a report published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

HEES has been the subject of several other reports. StockNews.com cut shares of H&E Equipment Services from a buy rating to a hold rating in a research note on Thursday, May 2nd. Raymond James began coverage on shares of H&E Equipment Services in a research note on Friday, June 28th. They set a market perform rating for the company. Finally, UBS Group cut their target price on shares of H&E Equipment Services from $66.00 to $63.00 and set a buy rating for the company in a research note on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, H&E Equipment Services has an average rating of Moderate Buy and a consensus price target of $62.67.

H&E Equipment Services Stock Performance

HEES opened at $46.00 on Wednesday. The firm has a market cap of $1.68 billion, a P/E ratio of 9.85, a PEG ratio of 9.98 and a beta of 1.89. H&E Equipment Services has a 1-year low of $38.06 and a 1-year high of $66.18. The company has a 50 day simple moving average of $46.74 and a two-hundred day simple moving average of $52.51. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.61 and a quick ratio of 0.62.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.12). The company had revenue of $376.30 million for the quarter, compared to analysts’ expectations of $382.05 million. H&E Equipment Services had a net margin of 10.53% and a return on equity of 30.84%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. Equities analysts forecast that H&E Equipment Services will post 3.73 earnings per share for the current fiscal year.

H&E Equipment Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Thursday, May 30th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.10 annualized dividend and a yield of 2.39%. H&E Equipment Services’s dividend payout ratio (DPR) is currently 23.55%.

Institutional Investors Weigh In On H&E Equipment Services

Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of H&E Equipment Services by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 46,691 shares of the industrial products company’s stock worth $2,062,000 after acquiring an additional 1,525 shares during the last quarter. Versor Investments LP lifted its holdings in shares of H&E Equipment Services by 70.1% in the 2nd quarter. Versor Investments LP now owns 11,165 shares of the industrial products company’s stock worth $493,000 after acquiring an additional 4,600 shares during the last quarter. Loews Corp bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth about $5,742,000. Panagora Asset Management Inc. lifted its holdings in shares of H&E Equipment Services by 8.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 199,074 shares of the industrial products company’s stock worth $8,793,000 after acquiring an additional 16,342 shares during the last quarter. Finally, Bailard Inc. purchased a new position in H&E Equipment Services in the 2nd quarter worth about $203,000. Institutional investors own 84.08% of the company’s stock.

About H&E Equipment Services

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.