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

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

Other analysts have also issued research reports about the company. B. Riley reiterated a “buy” rating and set a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a report on Wednesday, October 30th. UBS Group reaffirmed a “neutral” rating and set a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.33.

H&E Equipment Services Price Performance

NASDAQ HEES opened at $96.74 on Tuesday. The firm’s 50 day moving average is $73.40 and its 200-day moving average is $59.31. 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 company has a market capitalization of $3.54 billion, a PE ratio of 24.55 and a beta of 1.93. H&E Equipment Services has a 12-month low of $40.92 and a 12-month high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.18. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. Equities research analysts anticipate that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On H&E Equipment Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its position in shares of H&E Equipment Services by 3,997.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 32,824 shares of the industrial products company’s stock valued at $1,607,000 after buying an additional 32,023 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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. lifted its holdings in H&E Equipment Services by 2,576.2% during 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 purchasing an additional 823,510 shares during the last quarter. ProShare Advisors LLC boosted its position in H&E Equipment Services by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 9,087 shares of the industrial products company’s stock worth $445,000 after purchasing an additional 2,990 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in H&E Equipment Services by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company’s stock worth $6,408,000 after purchasing an additional 601 shares during the period. Institutional investors own 84.08% of the company’s stock.

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.