H&E Equipment Services, Inc. (NASDAQ:HEES) Price Target Raised to $17.00 at UBS AG

H&E Equipment Services, Inc. (NASDAQ:HEES) had its price objective lifted by UBS AG from $16.00 to $17.00 in a research note issued to investors on Friday, October 27th, www.benzinga.com reports. They currently have a sell rating on the industrial products company’s stock.

A number of other research firms also recently issued reports on HEES. Royal Bank Of Canada reiterated a buy rating and set a $30.00 price target on shares of H&E Equipment Services in a research note on Wednesday, July 12th. Bank of America Corporation initiated coverage on H&E Equipment Services in a research note on Tuesday, September 26th. They issued a buy rating and a $33.00 target price on the stock. BidaskClub downgraded H&E Equipment Services from a strong-buy rating to a buy rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded H&E Equipment Services from a buy rating to a hold rating in a research note on Wednesday, October 11th. Finally, ValuEngine upgraded H&E Equipment Services from a hold rating to a buy rating in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. H&E Equipment Services has an average rating of Buy and an average price target of $29.50.



Shares of H&E Equipment Services (NASDAQ HEES) opened at $33.86 on Friday. H&E Equipment Services has a 12-month low of $15.23 and a 12-month high of $34.46. The company has a market capitalization of $1,207.04, a PE ratio of 21.99, a P/E/G ratio of 1.36 and a beta of 2.88. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.06 and a quick ratio of 0.71.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.32. The business had revenue of $259.16 million during the quarter, compared to the consensus estimate of $252.94 million. H&E Equipment Services had a return on equity of 38.83% and a net margin of 3.69%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. equities analysts anticipate that H&E Equipment Services will post 1.6 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.10 dividend on an annualized basis and a yield of 3.25%. H&E Equipment Services’s payout ratio is 107.84%.

Several institutional investors have recently added to or reduced their stakes in HEES. Public Employees Retirement System of Ohio increased its holdings in shares of H&E Equipment Services by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 5,014 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 461 shares during the period. Legal & General Group Plc increased its holdings in shares of H&E Equipment Services by 4.3% in the second quarter. Legal & General Group Plc now owns 7,752 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 317 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of H&E Equipment Services by 304.2% in the second quarter. BNP Paribas Arbitrage SA now owns 7,801 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 5,871 shares during the period. SG Americas Securities LLC bought a new position in shares of H&E Equipment Services in the third quarter worth $159,000. Finally, Great West Life Assurance Co. Can increased its holdings in shares of H&E Equipment Services by 223.0% in the third quarter. Great West Life Assurance Co. Can now owns 5,898 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 4,072 shares during the period. 76.19% of the stock is currently owned by hedge funds and other institutional investors.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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