BidaskClub downgraded shares of H&E Equipment Services (NASDAQ:HEES) from a hold rating to a sell rating in a report released on Tuesday morning, BidAskClub reports.

Several other brokerages have also recently weighed in on HEES. Bank of America reiterated a buy rating and set a $420.00 price target (up from $400.00) on shares of Lendingtree in a research report on Monday, April 29th. UBS Group reiterated a hold rating and set a $7.80 price target on shares of Deutsche Bank in a research report on Friday, April 26th. Zacks Investment Research cut EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. ValuEngine cut Wave Life Sciences from a buy rating to a hold rating in a research report on Tuesday, April 16th. Finally, Longbow Research assumed coverage on H&E Equipment Services in a research report on Friday, March 29th. They set a buy rating and a $34.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $31.60.

NASDAQ HEES opened at $26.84 on Tuesday. The stock has a market capitalization of $957.76 million, a P/E ratio of 12.60, a PEG ratio of 1.08 and a beta of 2.84. H&E Equipment Services has a 52 week low of $18.12 and a 52 week 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 firm’s 50-day simple moving average is $27.01.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.11. The business 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%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, equities research analysts expect that H&E Equipment Services will post 2.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, May 24th. H&E Equipment Services’s dividend payout ratio is presently 51.64%.

Hedge funds have recently bought and sold shares of the stock. Royce & Associates LP bought a new position in shares of H&E Equipment Services in the fourth quarter worth approximately $30,000. Public Employees Retirement System of Ohio increased its position in shares of H&E Equipment Services by 21.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,142 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 548 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of H&E Equipment Services by 9.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 5,068 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 428 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of H&E Equipment Services by 215.3% in the first quarter. BNP Paribas Arbitrage SA now owns 7,338 shares of the industrial products company’s stock worth $184,000 after purchasing an additional 5,011 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of H&E Equipment Services in the first quarter worth approximately $213,000. Institutional investors own 71.04% of the company’s stock.

H&E Equipment Services Company Profile

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.

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