H&E Equipment Services (NASDAQ:HEES) Now Covered by StockNews.com

StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES - Free Report) in a report published on Friday morning. The firm issued a hold rating on the industrial products company's stock.

Separately, UBS Group reaffirmed a "neutral" rating and issued a $92.00 target price (up previously from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, H&E Equipment Services presently has a consensus rating of "Hold" and a consensus target price of $71.33.

H&E Equipment Services Price Performance

Shares of HEES stock traded down $0.18 during trading hours on Friday, reaching $96.11. 573,753 shares of the company were exchanged, compared to its average volume of 561,732. H&E Equipment Services has a fifty-two week low of $40.93 and a fifty-two week high of $101.28. The stock's fifty day moving average is $92.71 and its two-hundred day moving average is $78.11. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 24.39 and a beta of 1.87. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.63). H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $319.46 million for the quarter, compared to analyst estimates of $362.60 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. H&E Equipment Services's revenue for the quarter was down 13.9% on a year-over-year basis. Sell-side analysts forecast that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On H&E Equipment Services

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in 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 acquiring an additional 155 shares during the period. PenderFund Capital Management Ltd. bought a new position in H&E Equipment Services in the 1st quarter valued at about $45,000. Wellington Shields & Co. LLC bought a new position in H&E Equipment Services in the 1st quarter valued at about $47,000. Vestcor Inc bought a new position in H&E Equipment Services in the 1st quarter valued at about $95,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in H&E Equipment Services in the 1st quarter valued at about $104,000. 84.08% of the stock is owned by institutional investors.

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.