H&E Equipment Services (NASDAQ:HEES) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a note issued to investors on Friday. 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 target price (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, H&E Equipment Services currently has an average rating of “Hold” and an average price target of $71.33.

H&E Equipment Services Stock Up 0.5 %

Shares of NASDAQ HEES opened at $95.08 on Friday. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 24.13 and a beta of 1.94. The company’s 50-day simple moving average is $89.80 and its 200-day simple moving average is $65.13. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a 52-week low of $40.93 and a 52-week high of $101.28.

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

Hedge Funds Weigh In On H&E Equipment Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in shares of H&E Equipment Services by 17.2% during the 4th quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock worth $104,493,000 after acquiring an additional 313,880 shares during the period. Pertento Partners LLP increased its position in H&E Equipment Services by 13.1% during the fourth quarter. Pertento Partners LLP now owns 1,030,094 shares of the industrial products company’s stock worth $50,433,000 after purchasing an additional 119,151 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in H&E Equipment Services by 2,576.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock worth $41,884,000 after purchasing an additional 823,510 shares during the period. State Street Corp raised its stake in H&E Equipment Services by 2.9% during the third quarter. State Street Corp now owns 779,075 shares of the industrial products company’s stock worth $37,925,000 after purchasing an additional 21,805 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in H&E Equipment Services by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company’s stock valued at $36,762,000 after purchasing an additional 4,226 shares during the last quarter. Institutional investors and hedge funds 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.