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

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

A number of other brokerages have also weighed in on HEES. B. Riley reiterated a “buy” rating and set a $60.00 target price (down from $62.00) on shares of H&E Equipment Services in a research note on Wednesday, October 30th. UBS Group reiterated a “neutral” rating and set a $92.00 target price (up from $60.00) on shares of H&E Equipment Services in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.33.

H&E Equipment Services Price Performance

Shares of NASDAQ HEES opened at $96.70 on Tuesday. H&E Equipment Services has a twelve month low of $40.92 and a twelve month high of $101.28. The firm has a market cap of $3.54 billion, a P/E ratio of 24.54 and a beta of 1.93. The company has a 50 day moving average of $74.26 and a 200 day moving average of $59.67. 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 (NASDAQ:HEES) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 expect 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 hedge funds and other institutional investors have recently modified their holdings of HEES. Westwood Holdings Group Inc. increased its stake in shares of H&E Equipment Services by 2,576.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 855,476 shares of the industrial products company’s stock worth $41,884,000 after purchasing an additional 823,510 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of H&E Equipment Services by 1,238.8% in the 4th quarter. Victory Capital Management Inc. now owns 689,911 shares of the industrial products company’s stock worth $33,778,000 after purchasing an additional 638,379 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of H&E Equipment Services in the 4th quarter worth $28,780,000. Voya Investment Management LLC increased its stake in shares of H&E Equipment Services by 3,914.1% in the 4th quarter. Voya Investment Management LLC now owns 424,809 shares of the industrial products company’s stock worth $20,799,000 after purchasing an additional 414,226 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of H&E Equipment Services by 17.2% in the 4th quarter. American Century Companies Inc. now owns 2,134,252 shares of the industrial products company’s stock worth $104,493,000 after purchasing an additional 313,880 shares in the last quarter. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

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.