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

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

Separately, UBS Group reiterated a "neutral" rating and issued a $92.00 price objective (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 given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $71.33.

H&E Equipment Services Stock Performance

Shares of H&E Equipment Services stock traded up $0.63 during midday trading on Wednesday, hitting $90.72. The company had a trading volume of 712,426 shares, compared to its average volume of 538,146. H&E Equipment Services has a 1-year low of $40.93 and a 1-year high of $101.28. The business's 50 day simple moving average is $93.01 and its two-hundred day simple moving average is $75.21. The stock has a market cap of $3.33 billion, a PE ratio of 23.03 and a beta of 1.74. 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 posted its quarterly 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 return on equity of 25.46% and a net margin of 9.47%. The company had revenue of $319.46 million during the quarter, compared to analyst estimates of $362.60 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The business's revenue for the quarter was down 13.9% on a year-over-year basis. As a group, equities analysts predict that H&E Equipment Services will post 3.25 EPS for the current fiscal year.

Hedge Funds Weigh In On H&E Equipment Services

A number of hedge funds have recently modified their holdings of HEES. Westwood Holdings Group Inc. raised its stake in H&E Equipment Services by 2,576.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company's stock worth $41,884,000 after acquiring an additional 823,510 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of H&E Equipment Services by 1,238.8% during the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company's stock worth $33,778,000 after purchasing an additional 638,379 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in H&E Equipment Services during the 4th quarter valued at about $28,780,000. Voya Investment Management LLC boosted its position in H&E Equipment Services by 3,914.1% in the fourth 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 in the last quarter. Finally, American Century Companies Inc. grew its stake in H&E Equipment Services by 17.2% during the fourth quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company's stock worth $104,493,000 after buying an additional 313,880 shares during the last quarter. 84.08% of the stock is owned by institutional investors and hedge funds.

H&E Equipment Services Company Profile

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.