H&E Equipment Services (NASDAQ:HEES) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a report published on Thursday. The brokerage issued a hold rating on the industrial products company’s stock.

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

H&E Equipment Services Stock Up 0.3 %

Shares of NASDAQ HEES opened at $91.97 on Thursday. The firm has a fifty day simple moving average of $92.55 and a two-hundred day simple moving average of $76.70. H&E Equipment Services has a 12 month low of $40.93 and a 12 month high of $101.28. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $3.37 billion, a PE ratio of 23.34 and a beta of 1.87.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly 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). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $319.46 million during the quarter, compared to the consensus estimate of $362.60 million. During the same period in the previous year, the company earned $0.71 earnings per share. H&E Equipment Services’s quarterly revenue was down 13.9% on a year-over-year basis. Equities analysts expect that H&E Equipment Services will post 3.25 earnings per share for the current year.

Institutional Investors Weigh In On H&E Equipment Services

Several hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in shares of H&E Equipment Services by 108.4% in the 1st quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 155 shares during the last quarter. Wellington Shields & Co. LLC bought a new position in shares of H&E Equipment Services in the first quarter worth approximately $47,000. Vestcor Inc purchased a new stake in shares of H&E Equipment Services during the first quarter valued at approximately $95,000. KBC Group NV purchased a new stake in shares of H&E Equipment Services during the first quarter valued at approximately $134,000. Finally, PNC Financial Services Group Inc. increased its position in shares of H&E Equipment Services by 20.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the industrial products company’s stock valued at $137,000 after acquiring an additional 243 shares in the last quarter. 84.08% of the stock is 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.