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

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

Separately, UBS Group reaffirmed a “neutral” rating and issued a $92.00 price objective (up previously 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.33.

H&E Equipment Services Stock Performance

Shares of HEES stock opened at $89.88 on Tuesday. 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’s fifty day moving average price is $93.91 and its two-hundred day moving average price is $73.12. The firm has a market capitalization of $3.30 billion, a P/E ratio of 22.81 and a beta of 1.74. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.18. The company had revenue of $384.08 million for the quarter, compared to the consensus estimate of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. On average, research analysts anticipate that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

Institutional Trading of H&E Equipment Services

Several large investors have recently modified their holdings of the company. Barclays PLC boosted its holdings in H&E Equipment Services by 185.1% during the third quarter. Barclays PLC now owns 61,018 shares of the industrial products company’s stock valued at $2,972,000 after acquiring an additional 39,617 shares during the period. Geode Capital Management LLC lifted its position in shares of H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock worth $36,762,000 after acquiring an additional 4,226 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in H&E Equipment Services during the third quarter worth $288,000. 272 Capital LP acquired a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $974,000. Finally, Oliver Luxxe Assets LLC boosted its holdings in H&E Equipment Services by 6.2% during the fourth quarter. Oliver Luxxe Assets LLC now owns 38,980 shares of the industrial products company’s stock valued at $1,908,000 after purchasing an additional 2,259 shares in the last quarter. 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.