StockNews.com Begins Coverage on H&E Equipment Services (NASDAQ:HEES)

Investment analysts at StockNews.com started coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

Separately, UBS Group reiterated a “neutral” rating and issued a $92.00 price target (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $71.33.

H&E Equipment Services Stock Performance

Shares of H&E Equipment Services stock opened at $93.09 on Thursday. The firm has a market capitalization of $3.41 billion, a P/E ratio of 23.63 and a beta of 1.94. H&E Equipment Services has a 52 week low of $40.93 and a 52 week high of $101.28. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. The firm’s 50 day moving average is $84.19 and its two-hundred day moving average is $63.32.

H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.81 by $0.18. The company had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. Research analysts forecast that H&E Equipment Services will post 3.25 EPS for the current fiscal year.

Institutional Investors Weigh In On H&E Equipment Services

Several large investors have recently modified their holdings of HEES. Meeder Asset Management Inc. boosted its holdings in shares of H&E Equipment Services by 17.8% in the fourth quarter. Meeder Asset Management Inc. now owns 1,453 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 220 shares during the period. Millburn Ridgefield Corp acquired a new stake in shares of H&E Equipment Services during the third quarter worth $84,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of H&E Equipment Services by 227.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,749 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 1,910 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of H&E Equipment Services by 38.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,172 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 1,166 shares during the period. Finally, L.M. Kohn & Company acquired a new stake in shares of H&E Equipment Services during the third quarter worth $217,000. 84.08% of the stock is owned by institutional investors and hedge funds.

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, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.