H&E Equipment Services, Inc. (NASDAQ:HEES) Given Consensus Rating of "Hold" by Brokerages

Shares of H&E Equipment Services, Inc. (NASDAQ:HEES - Get Free Report) have received an average rating of "Hold" from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $71.33.

Separately, StockNews.com began coverage on shares of H&E Equipment Services in a research report on Friday. They issued a "hold" rating for the company.

Institutional Trading of H&E Equipment Services

A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in shares of H&E Equipment Services by 108.4% during the first quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company's stock worth $28,000 after buying an additional 155 shares in the last quarter. Meeder Asset Management Inc. grew its position 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 worth $71,000 after buying an additional 220 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of H&E Equipment Services by 20.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the industrial products company's stock worth $137,000 after buying an additional 243 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of H&E Equipment Services by 2.4% during the fourth quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company's stock worth $601,000 after buying an additional 282 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of H&E Equipment Services by 3.7% during the first quarter. Nisa Investment Advisors LLC now owns 8,686 shares of the industrial products company's stock worth $823,000 after buying an additional 306 shares in the last quarter. Institutional investors and hedge funds own 84.08% of the company's stock.

H&E Equipment Services Stock Up 0.3%

Shares of NASDAQ:HEES opened at $96.29 on Monday. 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. The company has a 50 day moving average of $92.71 and a two-hundred day moving average of $78.11. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 24.44 and a beta of 1.87.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.63). H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The firm had revenue of $319.46 million during the quarter, compared to analyst estimates of $362.60 million. During the same period last year, the business earned $0.71 EPS. The firm's revenue was down 13.9% compared to the same quarter last year. As a group, analysts forecast that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

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, Sales of Rental Equipment, Sales of New Equipment, and Parts, Service and Other Revenues. The Equipment Rentals segment focuses on renting construction and industrial equipment.

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