H&E Equipment Services (NASDAQ:HEES) Coverage Initiated at StockNews.com

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

Separately, UBS Group reissued a "neutral" rating and issued a $92.00 price objective (up 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Stock Performance

HEES traded down $0.58 during trading on Tuesday, hitting $89.72. The stock had a trading volume of 353,323 shares, compared to its average volume of 542,766. The firm has a market cap of $3.29 billion, a PE ratio of 22.77 and a beta of 1.74. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. H&E Equipment Services has a 12 month low of $40.93 and a 12 month high of $101.28. The company has a 50 day simple moving average of $93.83 and a 200-day simple moving average of $74.03.

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

Institutional Trading of H&E Equipment Services

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of H&E Equipment Services by 108.4% in the first quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of H&E Equipment Services by 17.8% in the 4th quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock valued at $71,000 after buying an additional 220 shares in the last quarter. KBC Group NV bought a new position in shares of H&E Equipment Services during the 1st quarter worth about $134,000. CIBC Private Wealth Group LLC lifted its holdings in shares of H&E Equipment Services by 38.8% during the 4th 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 period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of H&E Equipment Services during the 3rd quarter valued at about $288,000. Institutional investors own 84.08% of the company's stock.

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, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.