H&E Equipment Services, Inc. (NASDAQ:HEES) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $38.50.
Several research analysts have recently weighed in on the stock. Bank of America lowered their price target on shares of H&E Equipment Services from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. BidaskClub raised shares of H&E Equipment Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 29th. Zacks Investment Research cut shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Finally, UBS Group raised shares of H&E Equipment Services from a “sell” rating to a “neutral” rating and set a $18.00 price target on the stock in a research report on Wednesday, June 27th.
Shares of HEES stock traded down $1.40 on Friday, hitting $30.81. 420,933 shares of the stock traded hands, compared to its average volume of 273,375. The company has a current ratio of 0.92, a quick ratio of 0.50 and a debt-to-equity ratio of 4.12. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.97 and a beta of 2.49. H&E Equipment Services has a twelve month low of $27.46 and a twelve month high of $44.24.
H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Thursday, July 26th. The industrial products company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.14. The firm had revenue of $310.40 million for the quarter, compared to analysts’ expectations of $282.25 million. H&E Equipment Services had a net margin of 11.08% and a return on equity of 42.25%. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities research analysts predict that H&E Equipment Services will post 2.07 EPS for the current year.
In other news, CEO John Engquist sold 2,100 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $40.05, for a total transaction of $84,105.00. Following the transaction, the chief executive officer now owns 2,512,191 shares of the company’s stock, valued at approximately $100,613,249.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 11.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its holdings in H&E Equipment Services by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 33,172 shares of the industrial products company’s stock valued at $1,248,000 after buying an additional 1,562 shares during the period. Baird Financial Group Inc. purchased a new stake in H&E Equipment Services in the 2nd quarter valued at about $292,000. Intrinsic Edge Capital Management LLC raised its holdings in H&E Equipment Services by 117.4% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 276,097 shares of the industrial products company’s stock valued at $10,384,000 after buying an additional 149,069 shares during the period. Navellier & Associates Inc purchased a new stake in H&E Equipment Services in the 2nd quarter valued at about $768,000. Finally, Trexquant Investment LP purchased a new stake in H&E Equipment Services in the 2nd quarter valued at about $457,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.
H&E Equipment Services Company Profile
H&E Equipment Services, Inc operates as an integrated equipment services company. The company rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis.
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