ValuEngine downgraded shares of H&E Equipment Services, Inc. (NASDAQ:HEES) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of H&E Equipment Services from a hold rating to a strong-buy rating and set a $26.00 price target on the stock in a research report on Wednesday, August 9th. BidaskClub lowered shares of H&E Equipment Services from a strong-buy rating to a buy rating in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a buy rating and set a $30.00 price target on shares of H&E Equipment Services in a research report on Wednesday, July 12th. UBS AG restated a sell rating and set a $16.00 price target (up from $15.00) on shares of H&E Equipment Services in a research report on Monday, July 31st. Finally, Bank of America Corporation began coverage on shares of H&E Equipment Services in a research report on Tuesday, September 26th. They set a buy rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $26.25.

Shares of H&E Equipment Services (NASDAQ HEES) traded up 0.37% during mid-day trading on Monday, hitting $29.81. 109,395 shares of the stock traded hands. The firm has a 50 day moving average of $25.34 and a 200 day moving average of $22.47. H&E Equipment Services has a 12 month low of $12.72 and a 12 month high of $30.21. The company has a market cap of $1.05 billion, a P/E ratio of 26.88 and a beta of 2.65.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The firm had revenue of $249.40 million for the quarter, compared to analyst estimates of $237.81 million. H&E Equipment Services had a net margin of 4.08% and a return on equity of 27.93%. H&E Equipment Services’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. Equities analysts anticipate that H&E Equipment Services will post $1.19 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, September 1st were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.10 annualized dividend and a yield of 3.70%. H&E Equipment Services’s payout ratio is 99.10%.

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its holdings in H&E Equipment Services by 10.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,014 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 461 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in H&E Equipment Services by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,057 shares of the industrial products company’s stock valued at $512,000 after purchasing an additional 311 shares during the last quarter. State Street Corp boosted its holdings in H&E Equipment Services by 5.1% in the 2nd quarter. State Street Corp now owns 644,044 shares of the industrial products company’s stock valued at $13,138,000 after purchasing an additional 31,018 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new position in H&E Equipment Services in the 2nd quarter valued at about $3,548,000. Finally, Macquarie Group Ltd. boosted its holdings in H&E Equipment Services by 12.4% in the 2nd quarter. Macquarie Group Ltd. now owns 2,391,042 shares of the industrial products company’s stock valued at $48,801,000 after purchasing an additional 263,383 shares during the last quarter. Institutional investors own 75.08% of the company’s stock.

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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