H&E Equipment Services (NASDAQ:HEES) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of H&E Equipment Services (NASDAQ:HEES) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the industrial products company’s stock.

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

H&E Equipment Services Trading Up 0.8 %

HEES opened at $89.97 on Tuesday. The firm has a market cap of $3.30 billion, a P/E ratio of 22.84 and a beta of 1.74. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 2.09. The stock has a 50-day moving average of $93.99 and a 200 day moving average of $73.34. H&E Equipment Services has a 12 month low of $40.93 and a 12 month high of $101.28.

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

Institutional Investors Weigh In On H&E Equipment Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in shares of H&E Equipment Services by 108.4% during the first quarter. Farther Finance Advisors LLC now owns 298 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 155 shares during the period. 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 purchasing an additional 220 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in H&E Equipment Services in the first quarter worth approximately $323,000. CIBC Private Wealth Group LLC increased its holdings in H&E Equipment Services by 38.8% during the 4th 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, Wilmington Savings Fund Society FSB bought a new stake in H&E Equipment Services during the 3rd quarter valued at $288,000. 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.