Investment analysts at StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES – Get Free Report) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.
Separately, UBS Group reaffirmed a “neutral” rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, H&E Equipment Services currently has an average rating of “Hold” and an average price target of $71.33.
View Our Latest Stock Report on HEES
H&E Equipment Services Stock Down 0.7 %
H&E Equipment Services (NASDAQ:HEES – Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.18. The firm had revenue of $384.08 million during the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. Research analysts predict that H&E Equipment Services will post 3.25 EPS for the current fiscal year.
Institutional Trading of H&E Equipment Services
A number of institutional investors have recently bought and sold shares of the stock. Access Financial Services Inc. grew its holdings in H&E Equipment Services by 20.4% during the 4th quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company’s stock valued at $1,027,000 after purchasing an additional 3,555 shares during the last quarter. Geode Capital Management LLC grew its position in H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock valued at $36,762,000 after acquiring an additional 4,226 shares during the last quarter. State Street Corp increased its stake in H&E Equipment Services by 2.9% in the third quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after purchasing an additional 21,805 shares during the period. Holocene Advisors LP bought a new stake in shares of H&E Equipment Services during the third quarter worth $524,000. Finally, Barclays PLC lifted its holdings in H&E Equipment Services by 185.1% during the 3rd quarter. Barclays PLC now owns 61,018 shares of the industrial products company’s stock valued at $2,972,000 after buying an additional 39,617 shares in the last quarter. 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, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.
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