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

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

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

H&E Equipment Services Stock Performance

Shares of HEES stock opened at $93.85 on Wednesday. H&E Equipment Services has a one year low of $40.93 and a one year high of $101.28. The company’s 50-day moving average is $80.63 and its 200 day moving average is $61.90. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 23.82 and a beta of 1.93. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64.

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

Institutional Investors Weigh In On H&E Equipment Services

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