H&E Equipment Services (HEES) Upgraded at BidaskClub

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BidaskClub upgraded shares of H&E Equipment Services (NASDAQ:HEES) from a strong sell rating to a sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

HEES has been the subject of a number of other reports. Zacks Investment Research raised shares of H&E Equipment Services from a sell rating to a hold rating in a research note on Tuesday, January 15th. ValuEngine raised shares of H&E Equipment Services from a strong sell rating to a sell rating in a research note on Thursday, January 24th. Finally, UBS Group set a $30.00 price objective on shares of H&E Equipment Services and gave the stock a hold rating in a research note on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $34.67.

NASDAQ:HEES opened at $27.89 on Friday. H&E Equipment Services has a 1-year low of $18.12 and a 1-year high of $40.82. The stock has a market capitalization of $988.58 million, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 0.79 and a beta of 2.74. The company has a quick ratio of 0.62, a current ratio of 0.90 and a debt-to-equity ratio of 3.68.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.13. H&E Equipment Services had a net margin of 6.18% and a return on equity of 32.46%. The company had revenue of $345.97 million during the quarter, compared to analyst estimates of $320.50 million. During the same period in the prior year, the firm earned $0.78 earnings per share. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. Analysts predict that H&E Equipment Services will post 2.3 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in HEES. Royce & Associates LP purchased a new stake in shares of H&E Equipment Services during the fourth quarter valued at about $30,000. Winch Advisory Services LLC lifted its position in shares of H&E Equipment Services by 366.6% during the fourth quarter. Winch Advisory Services LLC now owns 2,333 shares of the industrial products company’s stock valued at $48,000 after buying an additional 1,833 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of H&E Equipment Services by 21.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,142 shares of the industrial products company’s stock valued at $64,000 after buying an additional 548 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of H&E Equipment Services by 9.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 5,068 shares of the industrial products company’s stock valued at $98,000 after buying an additional 428 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of H&E Equipment Services by 343.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,869 shares of the industrial products company’s stock valued at $202,000 after buying an additional 7,645 shares during the last quarter. 71.52% 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. 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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Analyst Recommendations for H&E Equipment Services (NASDAQ:HEES)

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