H&E Equipment Services (NASDAQ:HEES) PT Lowered to $65.00

H&E Equipment Services (NASDAQ:HEES - Get Free Report) had its target price dropped by analysts at Stifel Nicolaus from $69.00 to $65.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price target would indicate a potential upside of 45.12% from the company's current price.

A number of other equities research analysts have also issued reports on the stock. StockNews.com upgraded shares of H&E Equipment Services from a "hold" rating to a "buy" rating in a report on Wednesday, February 21st. Wells Fargo & Company boosted their price target on shares of H&E Equipment Services from $62.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, February 23rd.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES traded down $3.50 during midday trading on Wednesday, reaching $44.79. The company's stock had a trading volume of 839,664 shares, compared to its average volume of 236,443. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 2.33. The company has a 50 day moving average price of $59.30 and a 200 day moving average price of $52.20. H&E Equipment Services has a one year low of $32.33 and a one year high of $66.18. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 0.83 and a beta of 1.95.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.02). H&E Equipment Services had a net margin of 11.52% and a return on equity of 36.72%. The firm had revenue of $371.20 million for the quarter, compared to analyst estimates of $352.52 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The firm's revenue was up 15.1% compared to the same quarter last year. On average, equities research analysts expect that H&E Equipment Services will post 5.02 EPS for the current year.

Insider Activity at H&E Equipment Services

In related news, CEO Bradley W. Barber sold 9,615 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $57.80, for a total transaction of $555,747.00. Following the transaction, the chief executive officer now directly owns 223,127 shares of the company's stock, valued at $12,896,740.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Bradley W. Barber sold 9,615 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $57.80, for a total transaction of $555,747.00. Following the transaction, the chief executive officer now directly owns 223,127 shares of the company's stock, valued at $12,896,740.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bradley W. Barber sold 11,483 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $63.42, for a total transaction of $728,251.86. Following the transaction, the chief executive officer now directly owns 210,170 shares in the company, valued at $13,328,981.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,800 shares of company stock valued at $4,534,789. Corporate insiders own 12.50% of the company's stock.

Institutional Trading of H&E Equipment Services

Large investors have recently added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC grew its position in H&E Equipment Services by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 113,603 shares of the industrial products company's stock worth $5,944,000 after acquiring an additional 55,214 shares in the last quarter. Semanteon Capital Management LP bought a new stake in H&E Equipment Services in the fourth quarter worth approximately $879,000. Amica Mutual Insurance Co. bought a new stake in H&E Equipment Services in the fourth quarter worth approximately $840,000. GSA Capital Partners LLP grew its position in H&E Equipment Services by 232.2% in the third quarter. GSA Capital Partners LLP now owns 27,303 shares of the industrial products company's stock worth $1,179,000 after acquiring an additional 19,084 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of H&E Equipment Services by 20.3% during the 3rd quarter. UBS Group AG now owns 168,859 shares of the industrial products company's stock worth $7,293,000 after buying an additional 28,484 shares during the period. 84.08% of the stock is owned by institutional investors.

H&E Equipment Services Company Profile

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.

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