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

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

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

H&E Equipment Services Trading Down 1.1 %

NASDAQ:HEES opened at $90.93 on Monday. The company has a market cap of $3.33 billion, a PE ratio of 23.08 and a beta of 1.74. 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 company has a 50 day simple moving average of $93.50 and a two-hundred day simple moving average of $71.37. 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 issued 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 return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $384.08 million during the quarter, compared to analyst estimates of $372.50 million. Research analysts forecast that H&E Equipment Services will post 3.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HEES. Meeder Asset Management Inc. lifted its position in shares of H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 220 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in H&E Equipment Services by 38.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 1,166 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in H&E Equipment Services in the 3rd quarter worth approximately $288,000. Commonwealth Equity Services LLC grew its holdings in H&E Equipment Services by 15.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,108 shares of the industrial products company’s stock valued at $299,000 after buying an additional 799 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of H&E Equipment Services during the fourth quarter valued at approximately $313,000. Hedge funds and other institutional investors 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, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.