H&E Equipment Services (NASDAQ:HEES) Receives Neutral Rating from UBS Group

H&E Equipment Services (NASDAQ:HEES - Get Free Report)'s stock had its "neutral" rating reissued by equities research analysts at UBS Group in a research note issued on Friday, MarketBeat reports. They presently have a $92.00 price objective on the industrial products company's stock, up from their previous price objective of $60.00. UBS Group's target price points to a potential upside of 4.40% from the stock's current price.

Separately, B. Riley restated a "buy" rating and set a $60.00 price objective (down previously from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, H&E Equipment Services presently has a consensus rating of "Hold" and an average target price of $69.25.

H&E Equipment Services Price Performance

HEES traded down $0.63 during trading on Friday, reaching $88.12. 2,010,117 shares of the company traded hands, compared to its average volume of 2,144,720. The company has a market cap of $3.23 billion, a P/E ratio of 22.37, a PEG ratio of 8.97 and a beta of 1.88. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.59 and a current ratio of 0.64. H&E Equipment Services has a 12-month low of $40.92 and a 12-month high of $90.66. The firm has a fifty day simple moving average of $56.83 and a 200 day simple moving average of $51.59.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.15). The company had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. H&E Equipment Services's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 EPS. On average, equities analysts forecast that H&E Equipment Services will post 3.27 EPS for the current year.

Institutional Trading of H&E Equipment Services

Several hedge funds have recently made changes to their positions in HEES. Assenagon Asset Management S.A. grew its position in H&E Equipment Services by 186.0% in the third quarter. Assenagon Asset Management S.A. now owns 194,102 shares of the industrial products company's stock worth $9,449,000 after acquiring an additional 126,244 shares in the last quarter. Millennium Management LLC lifted its stake in shares of H&E Equipment Services by 200.6% in the 2nd quarter. Millennium Management LLC now owns 133,554 shares of the industrial products company's stock valued at $5,899,000 after purchasing an additional 89,128 shares during the last quarter. Bridgewater Associates LP bought a new stake in shares of H&E Equipment Services in the 3rd quarter valued at approximately $3,489,000. Two Sigma Advisers LP boosted its holdings in shares of H&E Equipment Services by 36.4% in the 3rd quarter. Two Sigma Advisers LP now owns 237,785 shares of the industrial products company's stock worth $11,575,000 after purchasing an additional 63,500 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of H&E Equipment Services during the 2nd quarter valued at approximately $2,793,000. 84.08% of the stock is currently owned by hedge funds and other 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.