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

Analysts at StockNews.com assumed coverage on shares of H&E Equipment Services (NASDAQ:HEES - Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a "hold" rating on the industrial products company's stock.

Separately, UBS Group reaffirmed 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 note on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $71.33.

H&E Equipment Services Price Performance

HEES stock traded down $0.05 during trading on Wednesday, reaching $90.68. 253,544 shares of the company were exchanged, compared to its average volume of 537,422. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 23.02 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. The company has a 50-day moving average of $93.01 and a two-hundred day moving average of $75.53. H&E Equipment Services has a twelve month low of $40.93 and a twelve month high of $101.28.

H&E Equipment Services (NASDAQ:HEES - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.03 earnings per share 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 firm had revenue of $319.46 million for the quarter, compared to analyst estimates of $362.60 million. During the same period last year, the business earned $0.71 EPS. The company's revenue was down 13.9% compared to the same quarter last year. As a group, equities analysts predict that H&E Equipment Services will post 3.25 earnings per share for the current fiscal year.

Institutional Trading of H&E Equipment Services

Several institutional investors have recently added to or reduced their stakes in HEES. Farther Finance Advisors LLC lifted its position in shares of H&E Equipment Services by 108.4% in the 1st quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company's stock worth $28,000 after purchasing an additional 155 shares during the period. Meeder Asset Management Inc. raised its stake in H&E Equipment Services by 17.8% during the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company's stock worth $71,000 after buying an additional 220 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in H&E Equipment Services by 2.4% in the fourth quarter. Jones Financial Companies Lllp now owns 12,280 shares of the industrial products company's stock valued at $601,000 after buying an additional 282 shares during the period. Nisa Investment Advisors LLC boosted its position in H&E Equipment Services by 3.7% during the first quarter. Nisa Investment Advisors LLC now owns 8,686 shares of the industrial products company's stock valued at $823,000 after acquiring an additional 306 shares during the last quarter. Finally, Swiss National Bank grew its holdings in H&E Equipment Services by 0.6% during the 4th quarter. Swiss National Bank now owns 64,600 shares of the industrial products company's stock worth $3,163,000 after acquiring an additional 400 shares during the period. 84.08% of the stock is currently owned by institutional investors.

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, 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.