H&E Equipment Services (NASDAQ:HEES) Given New $65.00 Price Target at Stifel Nicolaus

H&E Equipment Services (NASDAQ:HEES) had its target price trimmed by Stifel Nicolaus from $69.00 to $65.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other equities research analysts have also recently weighed in on HEES. Wells Fargo & Company increased their price target on H&E Equipment Services from $62.00 to $63.00 and gave the company an overweight rating in a research note on Friday, February 23rd. StockNews.com raised shares of H&E Equipment Services from a hold rating to a buy rating in a research report on Wednesday, February 21st.

H&E Equipment Services Stock Performance

Shares of HEES opened at $44.79 on Wednesday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.05 and a quick ratio of 0.74. The firm has a 50-day moving average of $59.30 and a 200-day moving average of $52.20. The company has a market cap of $1.64 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.67 and a beta of 1.98. H&E Equipment Services has a one year low of $32.33 and a one year high of $66.18.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The business had revenue of $371.20 million for the quarter, compared to analyst estimates of $352.52 million. H&E Equipment Services had a return on equity of 35.38% and a net margin of 11.17%. H&E Equipment Services’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. As a group, equities analysts forecast that H&E Equipment Services will post 5.02 earnings per share for the current year.

H&E Equipment Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.10 annualized dividend and a yield of 2.46%. H&E Equipment Services’s payout ratio is currently 23.55%.

Insider Activity at H&E Equipment Services

In other H&E Equipment Services news, Director Lawrence C. Karlson sold 8,225 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $60.98, for a total transaction of $501,560.50. Following the transaction, the director now owns 47,172 shares in the company, valued at approximately $2,876,548.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other H&E Equipment Services news, Director Lawrence C. Karlson sold 8,225 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $60.98, for a total value of $501,560.50. Following the completion of the sale, the director now owns 47,172 shares of the company’s stock, valued at approximately $2,876,548.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bradley W. Barber sold 15,385 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $57.54, for a total transaction of $885,252.90. Following the transaction, the chief executive officer now directly owns 232,742 shares in the company, valued at $13,391,974.68. The disclosure for this sale can be found here. Insiders sold 75,800 shares of company stock worth $4,534,789 in the last ninety days. 12.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of H&E Equipment Services by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 3,804,017 shares of the industrial products company’s stock worth $199,026,000 after purchasing an additional 51,626 shares during the period. Invesco Ltd. increased its holdings in H&E Equipment Services by 5.8% in the 3rd quarter. Invesco Ltd. now owns 1,355,880 shares of the industrial products company’s stock valued at $58,560,000 after buying an additional 74,699 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of H&E Equipment Services by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 445,582 shares of the industrial products company’s stock valued at $23,313,000 after buying an additional 4,978 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of H&E Equipment Services by 62.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 353,611 shares of the industrial products company’s stock worth $18,501,000 after acquiring an additional 136,504 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of H&E Equipment Services by 9.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 309,899 shares of the industrial products company’s stock worth $13,385,000 after acquiring an additional 25,599 shares in the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.

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.