H&E Equipment Services (NASDAQ:HEES) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a research report sent to investors on Friday morning. The firm issued a hold rating on the industrial products company’s stock.

Separately, UBS Group restated a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, H&E Equipment Services currently has an average rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Trading Up 0.3%

Shares of HEES stock opened at $96.29 on Friday. The business’s 50 day moving average is $92.71 and its two-hundred day moving average is $78.11. H&E Equipment Services has a twelve month low of $40.93 and a twelve month high of $101.28. The company has a market capitalization of $3.53 billion, a P/E ratio of 24.44 and a beta of 1.87. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of H&E Equipment Services by 108.4% in the first quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company’s stock worth $28,000 after buying an additional 155 shares during the period. Meeder Asset Management Inc. boosted its position in shares of H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock worth $71,000 after buying an additional 220 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of H&E Equipment Services by 20.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the industrial products company’s stock worth $137,000 after buying an additional 243 shares during the period. Jones Financial Companies Lllp boosted its position in shares of H&E Equipment Services by 2.4% in the fourth quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company’s stock worth $601,000 after buying an additional 282 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of H&E Equipment Services by 3.7% in the first quarter. Nisa Investment Advisors LLC now owns 8,686 shares of the industrial products company’s stock worth $823,000 after buying an additional 306 shares during the period. 84.08% of the stock is currently owned by institutional investors and hedge funds.

H&E Equipment Services Company Profile

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.