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

Stock analysts at StockNews.com assumed coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a research 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 note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $71.33.

H&E Equipment Services Stock Performance

NASDAQ:HEES opened at $90.09 on Wednesday. The company has a fifty day moving average of $93.12 and a 200-day moving average of $74.93. The firm has a market capitalization of $3.30 billion, a P/E ratio of 22.87 and a beta of 1.74. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 2.09. 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) 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). The company had revenue of $319.46 million during the quarter, compared to the consensus estimate of $362.60 million. H&E Equipment Services had a net margin of 9.47% and a return on equity of 25.46%. The business’s revenue was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, sell-side analysts anticipate that H&E Equipment Services will post 3.25 EPS for the current year.

Institutional Trading of H&E Equipment Services

Several institutional investors have recently made changes to their positions in the company. Xponance Inc. bought a new stake in shares of H&E Equipment Services in the 1st quarter worth $232,000. Nisa Investment Advisors LLC boosted its holdings in shares of H&E Equipment Services by 3.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,686 shares of the industrial products company’s stock worth $823,000 after buying an additional 306 shares during the last quarter. Capital Advisors Inc. OK purchased a new position in shares of H&E Equipment Services in the 1st quarter worth about $446,000. Principal Financial Group Inc. purchased a new position in shares of H&E Equipment Services in the 1st quarter worth about $242,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of H&E Equipment Services in the 1st quarter worth about $841,000. Institutional investors own 84.08% of the company’s stock.

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.