StockNews.com Begins 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 report issued on Saturday. 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 target price (up previously from $60.00) on shares of H&E Equipment Services in a research note 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. Based on data from MarketBeat.com, H&E Equipment Services currently has an average rating of “Hold” and a consensus price target of $71.33.

H&E Equipment Services Stock Performance

NASDAQ HEES opened at $95.43 on Friday. The firm’s 50 day simple moving average is $92.39 and its 200 day simple moving average is $67.25. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 24.22 and a beta of 1.94. 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 has a 1 year low of $40.93 and a 1 year high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last issued its earnings results 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. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The firm had revenue of $384.08 million for the quarter, compared to the consensus estimate of $372.50 million. As a group, research analysts expect that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On H&E Equipment Services

A number of institutional investors have recently added to or reduced their stakes in HEES. American Century Companies Inc. lifted its holdings in shares of H&E Equipment Services by 17.2% during the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock worth $104,493,000 after purchasing an additional 313,880 shares during the period. Pertento Partners LLP raised its position in H&E Equipment Services by 13.1% during the 4th quarter. Pertento Partners LLP now owns 1,030,094 shares of the industrial products company’s stock worth $50,433,000 after purchasing an additional 119,151 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in H&E Equipment Services by 2,576.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock worth $41,884,000 after buying an additional 823,510 shares during the period. State Street Corp grew its position in shares of H&E Equipment Services by 2.9% in the 3rd quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock valued at $37,925,000 after buying an additional 21,805 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of H&E Equipment Services by 0.6% in the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock valued at $36,762,000 after buying an additional 4,226 shares during the period. 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, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.