H&E Equipment Services (NASDAQ:HEES) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES) 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.

H&E Equipment Services Stock Down 0.7 %

NASDAQ HEES opened at $93.85 on Wednesday. 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 stock has a market cap of $3.44 billion, a PE ratio of 23.82 and a beta of 1.93. The stock’s 50 day moving average is $80.63 and its 200 day moving average is $61.90.

H&E Equipment Services (NASDAQ:HEES) 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.