H&E Equipment Services’ (HEES) Neutral Rating Reiterated at UBS Group

H&E Equipment Services (NASDAQ:HEES)‘s stock had its “neutral” rating restated by research analysts at UBS Group in a report issued on Friday,Benzinga reports. They currently have a $92.00 target price on the industrial products company’s stock, up from their prior target price of $60.00. UBS Group’s target price suggests a potential upside of 3.66% from the stock’s previous close.

Separately, B. Riley restated a “buy” rating and set a $60.00 price target (down from $62.00) on shares of H&E Equipment Services in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, H&E Equipment Services presently has a consensus rating of “Hold” and a consensus price target of $69.25.

H&E Equipment Services Stock Down 0.3 %

HEES opened at $88.75 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.64 and a quick ratio of 0.59. H&E Equipment Services has a 12 month low of $40.92 and a 12 month high of $90.66. The stock’s 50 day moving average price is $56.26 and its 200 day moving average price is $51.28. The stock has a market cap of $3.25 billion, a P/E ratio of 22.53, a P/E/G ratio of 8.97 and a beta of 1.88.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.15). The company 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 9.47% and a return on equity of 25.46%. H&E Equipment Services’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share. As a group, research analysts predict that H&E Equipment Services will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On H&E Equipment Services

Several large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its holdings in shares of H&E Equipment Services by 186.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 194,102 shares of the industrial products company’s stock worth $9,449,000 after purchasing an additional 126,244 shares in the last quarter. Millennium Management LLC grew its position in H&E Equipment Services by 200.6% in the second quarter. Millennium Management LLC now owns 133,554 shares of the industrial products company’s stock worth $5,899,000 after buying an additional 89,128 shares during the last quarter. Bridgewater Associates LP bought a new position in shares of H&E Equipment Services in the third quarter valued at $3,489,000. Two Sigma Advisers LP lifted its position in shares of H&E Equipment Services by 36.4% during the 3rd quarter. Two Sigma Advisers LP now owns 237,785 shares of the industrial products company’s stock valued at $11,575,000 after acquiring an additional 63,500 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of H&E Equipment Services during the 2nd quarter worth $2,793,000. 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.