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 Monday. The firm set a “hold” rating on the industrial products company’s stock.

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

H&E Equipment Services Stock Performance

Shares of HEES stock opened at $90.96 on Monday. The stock has a market cap of $3.34 billion, a PE ratio of 23.09 and a beta of 1.74. The stock has a 50-day moving average of $93.64 and a 200-day moving average of $71.81. 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 has a one year low of $40.93 and a one year high of $101.28.

H&E Equipment Services (NASDAQ:HEES) last posted its earnings results on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.18. The firm had revenue of $384.08 million for the quarter, compared to analyst estimates of $372.50 million. H&E Equipment Services had a return on equity of 25.46% and a net margin of 9.47%. As a group, sell-side analysts expect that H&E Equipment Services will post 3.25 earnings per share for the current year.

Institutional Investors Weigh In On H&E Equipment Services

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in 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 valued at $28,000 after buying an additional 155 shares during the period. Blue Zone Wealth Advisors LLC increased its stake in H&E Equipment Services by 15.9% in the first quarter. Blue Zone Wealth Advisors LLC now owns 53,004 shares of the industrial products company’s stock valued at $5,024,000 after acquiring an additional 7,252 shares during the last quarter. GAMMA Investing LLC increased its stake in H&E Equipment Services by 8,691.2% in the first quarter. GAMMA Investing LLC now owns 16,967 shares of the industrial products company’s stock valued at $16,080,000 after acquiring an additional 16,774 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in H&E Equipment Services by 3,997.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 32,824 shares of the industrial products company’s stock valued at $1,607,000 after purchasing an additional 32,023 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in H&E Equipment Services by 26.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 78,203 shares of the industrial products company’s stock worth $3,829,000 after purchasing an additional 16,401 shares during the last quarter. 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, New Equipment Sales, Used Equipment Sales, Parts Sales, and Services. The Equipment Rentals segment focuses on renting construction and industrial equipment.