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

Research analysts at StockNews.com initiated coverage on shares of H&E Equipment Services (NASDAQ:HEES - Get Free Report) in a research report issued on Tuesday. The firm set a "hold" rating on the industrial products company's stock.

Several other research firms have also issued reports on HEES. B. Riley reiterated a "buy" rating and issued a $60.00 target price (down previously from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. UBS Group reaffirmed a "neutral" rating and issued 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $71.33.

H&E Equipment Services Stock Down 0.1 %

Shares of HEES stock traded down $0.10 during mid-day trading on Tuesday, hitting $95.90. The stock had a trading volume of 394,617 shares, compared to its average volume of 1,350,734. The firm has a market capitalization of $3.51 billion, a P/E ratio of 24.34 and a beta of 1.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services has a 12-month low of $40.92 and a 12-month high of $101.28. The firm's 50-day moving average is $76.14 and its two-hundred day moving average is $60.18.

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H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping 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 company had revenue of $384.08 million for the quarter, compared to analysts' expectations of $372.50 million. On average, analysts predict that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On H&E Equipment Services

Large investors have recently bought and sold shares of the company. Access Financial Services Inc. raised its position in H&E Equipment Services by 20.4% during the 4th quarter. Access Financial Services Inc. now owns 20,976 shares of the industrial products company's stock worth $1,027,000 after buying an additional 3,555 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of H&E Equipment Services by 0.6% during the third quarter. Geode Capital Management LLC now owns 755,017 shares of the industrial products company's stock worth $36,762,000 after purchasing an additional 4,226 shares during the last quarter. KG&L Capital Management LLC acquired a new position in H&E Equipment Services during the third quarter valued at $542,000. State Street Corp boosted its holdings in H&E Equipment Services by 2.9% in the third quarter. State Street Corp now owns 779,075 shares of the industrial products company's stock valued at $37,925,000 after purchasing an additional 21,805 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in H&E Equipment Services in the third quarter valued at $524,000. Hedge funds and other 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.