StockNews.com Begins Coverage on H&E Equipment Services (NASDAQ:HEES)

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

A number of other brokerages have also recently commented on HEES. B. Riley restated a “buy” rating and set a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. UBS Group reaffirmed 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 three have issued a buy rating to the company’s stock. According to data from MarketBeat, H&E Equipment Services has a consensus rating of “Hold” and a consensus target price of $69.25.

H&E Equipment Services Stock Performance

Shares of HEES opened at $88.69 on Friday. The company has a 50-day simple moving average of $62.93 and a two-hundred day simple moving average of $54.64. 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 firm has a market capitalization of $3.25 billion, a PE ratio of 22.51 and a beta of 1.88. H&E Equipment Services has a one year low of $40.92 and a one year high of $90.66.

H&E Equipment Services (NASDAQ:HEES) last released its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm had revenue of $384.86 million during the quarter, compared to analysts’ expectations of $388.18 million. During the same quarter in the previous year, the business earned $1.46 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts anticipate that H&E Equipment Services will post 3.27 EPS for the current fiscal year.

Hedge Funds Weigh In On H&E Equipment Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of H&E Equipment Services in the 2nd quarter worth $37,000. Millburn Ridgefield Corp purchased a new position in H&E Equipment Services in the 3rd quarter worth about $84,000. L.M. Kohn & Company bought a new position in H&E Equipment Services during the 3rd quarter valued at about $217,000. Point72 Asset Management L.P. grew its stake in shares of H&E Equipment Services by 43.8% in the second quarter. Point72 Asset Management L.P. now owns 4,600 shares of the industrial products company’s stock worth $203,000 after acquiring an additional 1,400 shares during the period. Finally, Creative Planning purchased a new position in shares of H&E Equipment Services during the third quarter valued at approximately $254,000. 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.