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

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

Separately, 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Price Performance

HEES stock opened at $94.01 on Thursday. H&E Equipment Services has a 1 year low of $40.93 and a 1 year 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’s 50 day moving average price is $85.98 and its 200 day moving average price is $63.84. The firm has a market cap of $3.44 billion, a P/E ratio of 23.86 and a beta of 1.94.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, topping 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 business had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. On average, sell-side analysts expect that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. boosted its position in H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after buying an additional 220 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of H&E Equipment Services during the third quarter worth approximately $84,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after buying an additional 1,910 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of H&E Equipment Services by 38.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after buying an additional 1,166 shares during the last quarter. Finally, L.M. Kohn & Company bought a new stake in H&E Equipment Services in the third quarter valued at approximately $217,000. Institutional investors 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.