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

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

Separately, UBS Group restated 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, H&E Equipment Services presently has an average rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Trading Up 1.0 %

Shares of NASDAQ HEES traded up $0.94 during midday trading on Friday, reaching $95.97. The company had a trading volume of 565,701 shares, compared to its average volume of 465,356. The stock has a market cap of $3.52 billion, a PE ratio of 24.36 and a beta of 1.94. H&E Equipment Services has a one year low of $40.93 and a one year high of $101.28. The firm's fifty day moving average price is $90.82 and its 200-day moving average price is $65.75. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09.

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H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $384.08 million during the quarter, compared to the consensus estimate of $372.50 million. On average, equities research analysts anticipate that H&E Equipment Services will post 3.25 earnings per share for the current year.

Institutional Trading of H&E Equipment Services

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in H&E Equipment Services by 3,997.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 32,824 shares of the industrial products company's stock worth $1,607,000 after purchasing an additional 32,023 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in H&E Equipment Services by 26.5% during 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 acquiring an additional 16,401 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in 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 purchasing an additional 823,510 shares during the period. ProShare Advisors LLC increased its stake in shares of H&E Equipment Services by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 9,087 shares of the industrial products company's stock valued at $445,000 after purchasing an additional 2,990 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of H&E Equipment Services by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 130,881 shares of the industrial products company's stock valued at $6,408,000 after purchasing an additional 601 shares during the last quarter. 84.08% of the stock is owned by institutional investors.

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.