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

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

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

H&E Equipment Services Trading Down 1.0 %

Shares of H&E Equipment Services stock opened at $94.10 on Wednesday. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 23.88 and a beta of 1.93. H&E Equipment Services has a fifty-two week low of $40.92 and a fifty-two week high of $101.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. The stock has a 50 day moving average of $78.87 and a 200 day moving average of $61.45.

H&E Equipment Services (NASDAQ:HEES) last posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $372.50 million. As a group, research analysts predict that H&E Equipment Services will post 3.25 earnings per share for the current year.

Institutional Trading of H&E Equipment Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of H&E Equipment Services by 3,997.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 32,824 shares of the industrial products company’s stock worth $1,607,000 after purchasing an additional 32,023 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in H&E Equipment Services by 26.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 78,203 shares of the industrial products company’s stock valued at $3,829,000 after acquiring an additional 16,401 shares during the period. Westwood Holdings Group Inc. increased its position in H&E Equipment Services by 2,576.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock valued at $41,884,000 after acquiring an additional 823,510 shares during the period. ProShare Advisors LLC increased its position in H&E Equipment Services by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 9,087 shares of the industrial products company’s stock valued at $445,000 after acquiring an additional 2,990 shares during the period. Finally, Nuveen Asset Management LLC increased its position in H&E Equipment Services by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company’s stock valued at $6,408,000 after acquiring an additional 601 shares during the period. Institutional investors and hedge funds 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.