H&E Equipment Services (NASDAQ:HEES) Now Covered by StockNews.com

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

A number of other research analysts have also issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. UBS Group reaffirmed a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, H&E Equipment Services presently has an average rating of “Hold” and a consensus target price of $69.25.

H&E Equipment Services Trading Down 0.3 %

Shares of NASDAQ:HEES opened at $88.50 on Friday. 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 capitalization of $3.24 billion, a PE ratio of 22.46 and a beta of 1.88. H&E Equipment Services has a 1 year low of $40.92 and a 1 year high of $90.66. The firm has a fifty day moving average price of $59.78 and a 200 day moving average price of $53.24.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.15). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. During the same quarter last year, the company posted $1.46 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. Analysts expect that H&E Equipment Services will post 3.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in H&E Equipment Services by 420.5% during the second quarter. Renaissance Technologies LLC now owns 33,832 shares of the industrial products company’s stock valued at $1,494,000 after purchasing an additional 27,332 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in H&E Equipment Services in the 2nd quarter valued at $545,000. Point72 DIFC Ltd acquired a new stake in shares of H&E Equipment Services in the 2nd quarter valued at $256,000. Cubist Systematic Strategies LLC bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth about $2,793,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of H&E Equipment Services during the 2nd quarter worth about $612,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.

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, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.