H&E Equipment Services’ (HEES) “Buy” Rating Reiterated at Royal Bank Of Canada
Separately, Zacks Investment Research cut shares of H&E Equipment Services from a hold rating to a strong sell rating in a research report on Tuesday, April 25th.
Shares of H&E Equipment Services (NASDAQ:HEES) opened at 22.57 on Friday. H&E Equipment Services has a 52 week low of $12.72 and a 52 week high of $27.54. The company’s 50-day moving average price is $20.62 and its 200 day moving average price is $22.55. The firm has a market cap of $793.90 million, a P/E ratio of 20.35 and a beta of 2.53.
H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.07. The business had revenue of $249.40 million for the quarter, compared to analysts’ expectations of $237.81 million. H&E Equipment Services had a net margin of 4.08% and a return on equity of 27.93%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. On average, equities analysts anticipate that H&E Equipment Services will post $1.07 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. SG Capital Management LLC bought a new position in H&E Equipment Services during the second quarter worth about $18,761,000. Victory Capital Management Inc. boosted its position in H&E Equipment Services by 130.5% in the first quarter. Victory Capital Management Inc. now owns 1,529,606 shares of the industrial products company’s stock worth $37,505,000 after buying an additional 866,112 shares during the period. Systematic Financial Management LP bought a new position in H&E Equipment Services during the first quarter worth about $11,625,000. Principal Financial Group Inc. bought a new position in H&E Equipment Services during the first quarter worth about $9,072,000. Finally, Norges Bank bought a new position in H&E Equipment Services during the fourth quarter worth about $8,602,000. 74.91% of the stock is currently owned by institutional investors.
About H&E Equipment Services
H&E Equipment Services, Inc is an integrated equipment services company. The Company is focused on heavy construction and industrial equipment. As of December 31, 2016, the Company rented, sold and provided parts and services support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.
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