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

Equities research analysts at StockNews.com initiated coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the industrial products company’s stock.

Separately, UBS Group reissued a “neutral” rating and set 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Stock Down 0.1 %

HEES opened at $95.03 on Friday. The firm has a 50-day simple moving average of $90.82 and a two-hundred day simple moving average of $65.60. H&E Equipment Services has a 52 week low of $40.93 and a 52 week high of $101.28. The company has a market capitalization of $3.48 billion, a PE ratio of 24.12 and a beta of 1.94. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

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

Institutional Trading of H&E Equipment Services

Hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. raised its position in shares of H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after buying an additional 220 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $84,000. Point72 Asia Singapore Pte. Ltd. raised its position in H&E Equipment Services by 227.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 1,910 shares during the period. CIBC Private Wealth Group LLC raised its position in H&E Equipment Services by 38.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 1,166 shares during the period. Finally, L.M. Kohn & Company purchased a new stake in H&E Equipment Services in the 3rd quarter worth about $217,000. 84.08% of the stock is currently owned by hedge funds and other 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.