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

Equities researchers at StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a report released on Friday. The firm set a “hold” rating on the industrial products company’s stock.

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

H&E Equipment Services Stock Performance

NASDAQ HEES opened at $88.76 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services has a 1-year low of $40.92 and a 1-year high of $90.66. The business has a 50 day simple moving average of $58.59 and a two-hundred day simple moving average of $52.61. The stock has a market capitalization of $3.25 billion, a PE ratio of 22.53 and a beta of 1.88.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). The business had revenue of $384.86 million during the quarter, compared to analysts’ expectations of $388.18 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.46 earnings per share. On average, research analysts predict that H&E Equipment Services will post 3.27 EPS for the current fiscal year.

Institutional Investors Weigh In On H&E Equipment Services

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in shares of H&E Equipment Services by 420.5% in the second quarter. Renaissance Technologies LLC now owns 33,832 shares of the industrial products company’s stock valued at $1,494,000 after purchasing an additional 27,332 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of H&E Equipment Services in the 2nd quarter worth $545,000. Point72 DIFC Ltd purchased a new stake in H&E Equipment Services in the second quarter worth about $256,000. Cubist Systematic Strategies LLC purchased a new position in H&E Equipment Services during the 2nd quarter valued at about $2,793,000. Finally, Squarepoint Ops LLC bought a new stake in shares of H&E Equipment Services in the 2nd quarter valued at about $612,000. 84.08% of the stock is owned by hedge funds and other 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.