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

StockNews.com began coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a report issued on Friday. The brokerage issued a hold rating on the industrial products company’s stock.

Separately, UBS Group restated a “neutral” rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $71.33.

H&E Equipment Services Trading Up 0.3%

Shares of HEES stock opened at $96.29 on Friday. 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 company has a market cap of $3.53 billion, a price-to-earnings ratio of 24.44 and a beta of 1.87. The stock has a 50 day simple moving average of $92.71 and a 200-day simple moving average of $78.11. 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 announced its earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.63). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The business had revenue of $319.46 million for the quarter, compared to analyst estimates of $362.60 million. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was down 13.9% compared to the same quarter last year. On average, equities research analysts expect that H&E Equipment Services will post 3.25 EPS for the current fiscal year.

Institutional Investors Weigh In On H&E Equipment Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position in shares of H&E Equipment Services by 108.4% during the 1st quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 155 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new position in H&E Equipment Services during the 1st quarter worth approximately $45,000. Wellington Shields & Co. LLC purchased a new position in H&E Equipment Services during the 1st quarter worth approximately $47,000. Meeder Asset Management Inc. grew its stake in 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 worth $71,000 after buying an additional 220 shares during the last quarter. Finally, Vestcor Inc purchased a new position in H&E Equipment Services during the 1st quarter worth approximately $95,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

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, Sales of Rental Equipment, Sales of New Equipment, and Parts, Service and Other Revenues. The Equipment Rentals segment focuses on renting construction and industrial equipment.