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

StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a note issued to investors on Sunday. The firm set a “hold” rating on the industrial products company’s stock.

Separately, UBS Group reissued a “neutral” rating and issued a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, H&E Equipment Services presently has an average rating of “Hold” and a consensus price target of $71.33.

H&E Equipment Services Stock Performance

Shares of HEES stock opened at $93.08 on Friday. The company’s fifty day moving average price is $92.98 and its 200-day moving average price is $69.19. The stock has a market cap of $3.41 billion, a PE ratio of 23.62 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 12 month low of $40.93 and a 12 month high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. On average, equities analysts expect 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 and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. increased its holdings in H&E Equipment Services by 17.8% in 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 in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of H&E Equipment Services by 38.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after acquiring an additional 1,166 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of H&E Equipment Services during the third quarter valued at approximately $288,000. Commonwealth Equity Services LLC lifted its position in H&E Equipment Services by 15.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 799 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in H&E Equipment Services in the fourth quarter worth approximately $313,000. Institutional investors own 84.08% of the company’s stock.

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.