H&E Equipment Services (NASDAQ:HEES) Price Target Cut to $65.00 by Analysts at Stifel Nicolaus

H&E Equipment Services (NASDAQ:HEES) had its price target cut by Stifel Nicolaus from $69.00 to $65.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

HEES has been the topic of several other research reports. Wells Fargo & Company upped 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 upgraded 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 Price Performance

NASDAQ:HEES opened at $46.65 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 2.26. The firm has a market cap of $1.70 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 0.63 and a beta of 1.98. H&E Equipment Services has a 12 month low of $32.33 and a 12 month high of $66.18. The company’s 50-day moving average price is $59.01 and its two-hundred day moving average price is $52.19.

H&E Equipment Services (NASDAQ:HEES) last announced its 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). H&E Equipment Services had a net margin of 11.17% and a return on equity of 34.33%. The business had revenue of $371.20 million during the quarter, compared to analyst estimates of $352.52 million. During the same quarter last year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, equities analysts anticipate that H&E Equipment Services will post 5.02 EPS for the current fiscal year.

H&E Equipment Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Thursday, February 22nd. H&E Equipment Services’s dividend payout ratio (DPR) is presently 23.55%.

Insider Activity at H&E Equipment Services

In other H&E Equipment Services news, CEO Bradley W. Barber sold 23,100 shares of H&E Equipment Services stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $60.53, for a total value of $1,398,243.00. Following the sale, the chief executive officer now owns 221,653 shares of the company’s stock, valued at approximately $13,416,656.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Gary W. Bagley sold 5,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $56.34, for a total value of $281,700.00. Following the sale, the director now owns 59,151 shares of the company’s stock, valued at $3,332,567.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Bradley W. Barber sold 23,100 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $60.53, for a total transaction of $1,398,243.00. Following the transaction, the chief executive officer now owns 221,653 shares of the company’s stock, valued at approximately $13,416,656.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,800 shares of company stock valued at $4,534,789. 12.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On H&E Equipment Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC bought a new position in shares of H&E Equipment Services in the 1st quarter valued at about $62,000. Penn Mutual Asset Management LLC bought a new stake in shares of H&E Equipment Services during the 3rd quarter worth approximately $201,000. Americana Partners LLC acquired a new stake in shares of H&E Equipment Services in the 3rd quarter valued at approximately $202,000. Wellington Shields Capital Management LLC bought a new position in shares of H&E Equipment Services in the first quarter valued at $205,000. Finally, Busey Bank acquired a new position in H&E Equipment Services during the first quarter worth $206,000. 84.08% of the stock is owned by institutional investors.

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.