H&E Equipment Services’ (HEES) Buy Rating Reiterated at B. Riley

H&E Equipment Services (NASDAQ:HEES)‘s stock had its “buy” rating restated by analysts at B. Riley in a research note issued on Wednesday, Benzinga reports. They currently have a $60.00 target price on the industrial products company’s stock, down from their prior target price of $62.00. B. Riley’s price target indicates a potential upside of 13.21% from the stock’s previous close.

HEES has been the topic of several other reports. Stifel Nicolaus cut their price objective on H&E Equipment Services from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. KeyCorp began coverage on H&E Equipment Services in a research report on Friday, August 9th. They set a “sector weight” rating for the company. Finally, UBS Group decreased their price target on shares of H&E Equipment Services from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, H&E Equipment Services has an average rating of “Moderate Buy” and a consensus target price of $61.25.

H&E Equipment Services Trading Down 0.0 %

Shares of H&E Equipment Services stock traded down $0.02 on Wednesday, hitting $53.00. The stock had a trading volume of 144,290 shares, compared to its average volume of 271,090. The stock’s 50-day simple moving average is $48.75 and its two-hundred day simple moving average is $48.46. H&E Equipment Services has a one year low of $39.79 and a one year high of $66.18. The company has a quick ratio of 0.56, a current ratio of 0.61 and a debt-to-equity ratio of 2.17. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 11.71 and a beta of 1.84.

H&E Equipment Services (NASDAQ:HEES) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). The business had revenue of $384.86 million for the quarter, compared to the consensus estimate of $388.18 million. H&E Equipment Services had a net margin of 10.53% and a return on equity of 30.84%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 EPS. As a group, sell-side analysts predict that H&E Equipment Services will post 3.52 EPS for the current year.

Institutional Investors Weigh In On H&E Equipment Services

Institutional investors have recently made changes to their positions in the company. KG&L Capital Management LLC bought a new position in H&E Equipment Services in the 3rd quarter valued at approximately $542,000. Americana Partners LLC bought a new position in shares of H&E Equipment Services during the third quarter valued at $283,000. abrdn plc boosted its position in shares of H&E Equipment Services by 5.2% during the third quarter. abrdn plc now owns 338,938 shares of the industrial products company’s stock valued at $16,500,000 after buying an additional 16,681 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of H&E Equipment Services by 7.1% during the third quarter. Nisa Investment Advisors LLC now owns 8,380 shares of the industrial products company’s stock valued at $408,000 after buying an additional 555 shares during the last quarter. Finally, Semanteon Capital Management LP increased its holdings in H&E Equipment Services by 230.1% in the 3rd quarter. Semanteon Capital Management LP now owns 21,103 shares of the industrial products company’s stock worth $1,027,000 after buying an additional 14,710 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

About H&E Equipment Services

H&E Equipment Services, Inc operates as an integrated equipment services company in the United States. The company operates in five segments: Equipment Rentals, Sales of Rental Equipment, Sales of New Equipment, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis.