BidaskClub upgraded shares of H&E Equipment Services (NASDAQ:HEES) from a sell rating to a hold rating in a research report sent to investors on Friday, BidAskClub reports.

Several other analysts also recently weighed in on HEES. Zacks Investment Research downgraded shares of H&E Equipment Services from a strong-buy rating to a hold rating in a research report on Wednesday, February 27th. UBS Group set a $30.00 target price on shares of H&E Equipment Services and gave the stock a hold rating in a research report on Friday, March 8th. ValuEngine downgraded shares of H&E Equipment Services from a sell rating to a strong sell rating in a research report on Friday, March 15th. Finally, Longbow Research started coverage on shares of H&E Equipment Services in a research report on Friday, March 29th. They set a buy rating and a $34.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. H&E Equipment Services currently has a consensus rating of Hold and a consensus target price of $31.60.

NASDAQ:HEES opened at $27.63 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of 12.97, a PEG ratio of 1.14 and a beta of 2.83. H&E Equipment Services has a twelve month low of $18.12 and a twelve month high of $40.20. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.44 and a current ratio of 0.74. The stock’s 50 day moving average is $27.25.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Thursday, April 25th. The industrial products company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.11. The company had revenue of $313.60 million for the quarter, compared to the consensus estimate of $288.61 million. H&E Equipment Services had a net margin of 6.30% and a return on equity of 32.93%. H&E Equipment Services’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. As a group, research analysts anticipate that H&E Equipment Services will post 2.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Friday, May 24th. H&E Equipment Services’s dividend payout ratio (DPR) is currently 51.64%.

Several hedge funds have recently added to or reduced their stakes in HEES. Norges Bank purchased a new stake in shares of H&E Equipment Services in the 4th quarter valued at $14,358,000. PNC Financial Services Group Inc. boosted its holdings in shares of H&E Equipment Services by 255.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 560,725 shares of the industrial products company’s stock valued at $11,450,000 after acquiring an additional 402,881 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of H&E Equipment Services in the 4th quarter valued at $7,582,000. THB Asset Management purchased a new stake in shares of H&E Equipment Services in the 1st quarter valued at $4,861,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of H&E Equipment Services by 51.3% in the 4th quarter. Bank of New York Mellon Corp now owns 488,346 shares of the industrial products company’s stock valued at $9,972,000 after acquiring an additional 165,520 shares during the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.

Further Reading: Return on Investment (ROI)

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