H&E Equipment Services (NASDAQ:HEES) Earns Hold Rating from Analysts at StockNews.com

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

Separately, UBS Group reissued a "neutral" rating and set a $92.00 target price (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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $71.33.

H&E Equipment Services Stock Up 0.3 %

Shares of HEES stock traded up $0.29 during trading hours on Thursday, reaching $91.97. 1,392,418 shares of the company's stock were exchanged, compared to its average volume of 546,692. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 23.34 and a beta of 1.87. 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 50 day moving average is $92.55 and its 200-day moving average is $76.55.

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 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 business had revenue of $319.46 million for the quarter, compared to analyst estimates of $362.60 million. During the same period in the prior year, the company earned $0.71 earnings per share. The company's quarterly revenue was down 13.9% on a year-over-year basis. Analysts predict that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On H&E Equipment Services

Large investors have recently bought and sold shares of the company. Westwood Holdings Group Inc. boosted its holdings in shares of H&E Equipment Services by 2,576.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company's stock valued at $41,884,000 after acquiring an additional 823,510 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in H&E Equipment Services by 1,238.8% in the fourth quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock valued at $33,778,000 after purchasing an additional 638,379 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in H&E Equipment Services in the fourth quarter valued at $28,780,000. Alpine Associates Management Inc. acquired a new stake in H&E Equipment Services during the 1st quarter worth about $47,831,000. Finally, Voya Investment Management LLC raised its stake in shares of H&E Equipment Services by 3,914.1% during the 4th quarter. Voya Investment Management LLC now owns 424,809 shares of the industrial products company's stock valued at $20,799,000 after buying an additional 414,226 shares during the last quarter. Hedge funds and other 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, 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.