Zacks Investment Research downgraded shares of H&E Equipment Services, Inc. (NASDAQ:HEES) from a buy rating to a hold rating in a research note released on Wednesday.

According to Zacks, “H&E Equipment Services, Inc. is one of the largest integrated equipment services companies in the United States with full-service facilities throughout the Intermountain, Southwest, Gulf Coast & Southeast regions of the United States. The Company is focused on heavy construction & industrial equipment and rents, sells & provides parts & service support for four core categories of specialized equipment they are hi-lift or aerial platform equipment, cranes, earthmoving equipment & industrial lift trucks. By providing equipment rental, sales, & on-site parts, repair & maintenance functions under one roof, the Company is a one-stop provider for its customers’ varied equipment needs. This full service approach provides the Company with multiple points of customer contact, enabling it to maintain a high quality rental fleet, as well as an effective distribution channel for fleet disposal & provides cross-selling opportunities among its new & used equipment sales, rental, parts sales & service operations. “

Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of H&E Equipment Services from a strong-buy rating to a buy rating in a research note on Wednesday, August 9th. Royal Bank Of Canada restated a buy rating and issued a $30.00 price objective on shares of H&E Equipment Services in a research note on Wednesday, July 12th. ValuEngine downgraded shares of H&E Equipment Services from a buy rating to a hold rating in a research note on Monday, October 2nd. UBS AG restated a sell rating and issued a $16.00 price objective (up previously from $15.00) on shares of H&E Equipment Services in a research note on Monday, July 31st. Finally, Bank of America Corporation assumed coverage on shares of H&E Equipment Services in a research note on Tuesday, September 26th. They issued a buy rating and a $33.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $26.25.

Shares of H&E Equipment Services (HEES) traded up 0.37% during mid-day trading on Wednesday, reaching $29.81. The company’s stock had a trading volume of 109,895 shares. The company’s 50-day moving average is $25.58 and its 200-day moving average is $22.50. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 26.88 and a beta of 2.65. H&E Equipment Services has a 52 week low of $12.72 and a 52 week high of $30.21.

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

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The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, September 1st were paid 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 3.69%. H&E Equipment Services’s dividend payout ratio is presently 99.10%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in H&E Equipment Services by 3.8% in the second quarter. Vanguard Group Inc. now owns 2,758,022 shares of the industrial products company’s stock valued at $56,292,000 after acquiring an additional 100,243 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of H&E Equipment Services by 12.4% during the second quarter. Macquarie Group Ltd. now owns 2,391,042 shares of the industrial products company’s stock worth $48,801,000 after buying an additional 263,383 shares during the period. Victory Capital Management Inc. boosted its stake in shares of H&E Equipment Services by 49.5% during the second quarter. Victory Capital Management Inc. now owns 2,287,033 shares of the industrial products company’s stock worth $46,678,000 after buying an additional 757,427 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of H&E Equipment Services by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,665,343 shares of the industrial products company’s stock worth $33,989,000 after buying an additional 34,766 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of H&E Equipment Services by 25.0% during the second quarter. Alliancebernstein L.P. now owns 1,539,181 shares of the industrial products company’s stock worth $31,415,000 after buying an additional 307,979 shares during the period. Institutional investors own 75.08% of the company’s stock.

About H&E Equipment Services

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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