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

StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES - Get Free Report) in a report released on Sunday. The firm set a "hold" rating on the industrial products company's stock.

Other research analysts have also issued research reports about the stock. UBS Group restated a "neutral" rating and issued a $92.00 price target (up previously from $60.00) on shares of H&E Equipment Services in a report on Friday, January 17th. B. Riley reissued 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, H&E Equipment Services has an average rating of "Hold" and an average price target of $69.25.

H&E Equipment Services Trading Up 0.7 %

Shares of H&E Equipment Services stock traded up $0.65 during trading hours on Friday, reaching $87.51. The stock had a trading volume of 940,613 shares, compared to its average volume of 1,410,943. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 22.21 and a beta of 1.93. H&E Equipment Services has a 1 year low of $40.92 and a 1 year high of $90.66. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The firm has a 50 day simple moving average of $66.87 and a two-hundred day simple moving average of $56.39.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Foundry Partners LLC grew its holdings in H&E Equipment Services by 6.5% during the 4th quarter. Foundry Partners LLC now owns 100,432 shares of the industrial products company's stock valued at $4,917,000 after purchasing an additional 6,097 shares in the last quarter. Alliancebernstein L.P. boosted its position in H&E Equipment Services by 8.7% in the 4th quarter. Alliancebernstein L.P. now owns 36,199 shares of the industrial products company's stock valued at $1,772,000 after buying an additional 2,900 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after acquiring an additional 220 shares in the last quarter. CIBC Private Wealth Group LLC increased its position 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 acquiring an additional 1,166 shares during the last quarter. Finally, Pertento Partners LLP lifted its stake in shares of H&E Equipment Services by 13.1% in the fourth quarter. Pertento Partners LLP now owns 1,030,094 shares of the industrial products company's stock worth $50,433,000 after acquiring an additional 119,151 shares in the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.

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.