H&E Equipment Services, Inc. (NASDAQ:HEES) Given Average Rating of “Hold” by Analysts

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) have been given a consensus rating of “Hold” by the five research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $71.33.

Separately, StockNews.com assumed coverage on H&E Equipment Services in a research note on Friday. They issued a “hold” rating on the stock.

H&E Equipment Services Stock Performance

Shares of HEES opened at $96.29 on Monday. The business’s fifty day moving average price is $92.71 and its 200 day moving average price is $78.11. H&E Equipment Services has a 12-month low of $40.93 and a 12-month high of $101.28. The stock has a market capitalization of $3.53 billion, a PE ratio of 24.44 and a beta of 1.87. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.63). The company had revenue of $319.46 million during the quarter, compared to the consensus estimate of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. Equities research analysts forecast that H&E Equipment Services will post 3.25 EPS for the current year.

Institutional Investors Weigh In On H&E Equipment Services

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in shares of H&E Equipment Services by 108.4% during the first quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 155 shares during the period. PenderFund Capital Management Ltd. acquired a new position in shares of H&E Equipment Services during the first quarter valued at $45,000. Wellington Shields & Co. LLC acquired a new position in shares of H&E Equipment Services during the first quarter valued at $47,000. Meeder Asset Management Inc. increased its holdings in shares of H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 220 shares during the period. Finally, Vestcor Inc acquired a new position in shares of H&E Equipment Services during the first quarter valued at $95,000. 84.08% of the stock is currently owned by institutional investors.

About H&E Equipment Services

H&E Equipment Services, Inc engages in the provision of equipment services, which focus on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, and Parts, Service and Other Revenues. The Equipment Rentals segment focuses on renting construction and industrial equipment.