StockNews.com Initiates Coverage on H&E Equipment Services (NASDAQ:HEES)

Investment analysts at StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the industrial products company’s stock.

Separately, UBS Group reissued 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $71.33.

H&E Equipment Services Price Performance

NASDAQ HEES opened at $95.43 on Friday. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 24.22 and a beta of 1.94. H&E Equipment Services has a 1-year low of $40.93 and a 1-year high of $101.28. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. The business’s fifty day moving average price is $92.39 and its 200-day moving average price is $67.60.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. The company had revenue of $384.08 million during the quarter, compared to analysts’ expectations of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. On average, equities analysts predict that H&E Equipment Services will post 3.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HEES. Intech Investment Management LLC bought a new stake in H&E Equipment Services during the 3rd quarter worth approximately $343,000. Charles Schwab Investment Management Inc. increased its stake in shares of H&E Equipment Services by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 571,947 shares of the industrial products company’s stock worth $27,842,000 after purchasing an additional 41,749 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of H&E Equipment Services during the 3rd quarter valued at $398,000. BNP Paribas Financial Markets lifted its stake in shares of H&E Equipment Services by 5.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 44,175 shares of the industrial products company’s stock valued at $2,150,000 after buying an additional 2,238 shares in the last quarter. Finally, Bridgewater Associates LP bought a new position in H&E Equipment Services in the 3rd quarter worth $3,489,000. 84.08% of the stock is currently owned by institutional investors.

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, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.