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

Stock analysts at StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the industrial products company’s stock.

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

H&E Equipment Services Stock Up 0.1 %

HEES stock opened at $87.56 on Monday. The stock has a market capitalization of $3.20 billion, a PE ratio of 22.22 and a beta of 1.93. H&E Equipment Services has a 52 week low of $40.92 and a 52 week high of $90.66. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The firm has a 50 day moving average of $68.55 and a 200 day moving average of $57.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEES. Meeder Asset Management Inc. grew its position in H&E Equipment Services by 17.8% during the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 220 shares during the period. Jones Financial Companies Lllp grew its holdings in H&E Equipment Services by 2.4% during the fourth quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company’s stock worth $601,000 after acquiring an additional 282 shares during the period. Swiss National Bank raised its position in H&E Equipment Services by 0.6% during the fourth quarter. Swiss National Bank now owns 64,600 shares of the industrial products company’s stock valued at $3,163,000 after acquiring an additional 400 shares in the last quarter. Nisa Investment Advisors LLC raised its position in H&E Equipment Services by 7.1% during the third quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 555 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in H&E Equipment Services by 5.7% in the fourth quarter. Diversified Trust Co now owns 10,615 shares of the industrial products company’s stock valued at $520,000 after acquiring an additional 574 shares during the period. 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.