H&E Equipment Services (NASDAQ:HEES) Shares Up 4.9% – Should You Buy?

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) traded up 4.9% during mid-day trading on Tuesday . The stock traded as high as $53.71 and last traded at $53.56. 97,871 shares were traded during mid-day trading, a decline of 63% from the average session volume of 266,056 shares. The stock had previously closed at $51.04.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Raymond James began coverage on H&E Equipment Services in a report on Friday, June 28th. They set a “market perform” rating on the stock. Stifel Nicolaus reduced their price target on shares of H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. UBS Group lowered their price objective on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, KeyCorp initiated coverage on H&E Equipment Services in a research note on Friday, August 9th. They set a “sector weight” rating for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.67.

H&E Equipment Services Trading Up 1.4 %

The stock has a market cap of $2.00 billion, a P/E ratio of 11.71, a PEG ratio of 11.30 and a beta of 1.84. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 2.17. The business’s 50 day simple moving average is $48.00 and its two-hundred day simple moving average is $48.80.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.12). The firm had revenue of $376.30 million during the quarter, compared to analyst estimates of $382.05 million. H&E Equipment Services had a return on equity of 30.84% and a net margin of 10.53%. H&E Equipment Services’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. As a group, analysts expect that H&E Equipment Services, Inc. will post 3.52 EPS for the current year.

H&E Equipment Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, August 28th. This represents a $1.10 annualized dividend and a yield of 2.01%. H&E Equipment Services’s dividend payout ratio is presently 23.55%.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in H&E Equipment Services during the 2nd quarter worth $37,000. CWM LLC increased its position in H&E Equipment Services by 42.5% during the 2nd quarter. CWM LLC now owns 932 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 278 shares during the period. Fidelis Capital Partners LLC bought a new position in H&E Equipment Services during the 1st quarter worth approximately $62,000. Meeder Asset Management Inc. acquired a new position in shares of H&E Equipment Services in the 2nd quarter worth approximately $65,000. Finally, Quest Partners LLC acquired a new position in shares of H&E Equipment Services in the 2nd quarter worth approximately $109,000. Institutional investors and hedge funds 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.