H&E Equipment Services (NASDAQ:HEES) Coverage Initiated at StockNews.com

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

Several other research firms have also recently weighed in on HEES. UBS Group restated 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. B. Riley reiterated a “buy” rating and issued a $60.00 price objective (down from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.25.

H&E Equipment Services Price Performance

NASDAQ:HEES opened at $88.69 on Friday. H&E Equipment Services has a 52-week low of $40.92 and a 52-week high of $90.66. The stock has a fifty day moving average of $62.93 and a 200 day moving average of $54.64. 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 firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.51 and a beta of 1.88.

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

Institutional Investors Weigh In On H&E Equipment Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of H&E Equipment Services during the second quarter valued at about $37,000. Millburn Ridgefield Corp bought a new position in H&E Equipment Services during the 3rd quarter valued at approximately $84,000. L.M. Kohn & Company purchased a new stake in H&E Equipment Services in the 3rd quarter worth approximately $217,000. Point72 Asset Management L.P. lifted its holdings in H&E Equipment Services by 43.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 4,600 shares of the industrial products company’s stock worth $203,000 after buying an additional 1,400 shares during the period. Finally, Creative Planning bought a new stake in shares of H&E Equipment Services in the 3rd quarter worth approximately $254,000. 84.08% of the stock is currently owned by institutional investors.

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.