H&E Equipment Services (NASDAQ:HEES) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday, BidAskClub reports.

Several other brokerages have also issued reports on HEES. Zacks Investment Research lowered H&E Equipment Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 27th. ValuEngine upgraded H&E Equipment Services from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 16th. Finally, UBS Group set a $30.00 price objective on H&E Equipment Services and gave the company a “hold” rating in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.33.

H&E Equipment Services stock opened at $29.75 on Wednesday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.90 and a quick ratio of 0.62. H&E Equipment Services has a 1 year low of $18.12 and a 1 year high of $40.39. The stock has a market cap of $1.05 billion, a PE ratio of 13.97, a P/E/G ratio of 0.85 and a beta of 2.74.

H&E Equipment Services (NASDAQ:HEES) last issued its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.13. H&E Equipment Services had a return on equity of 32.46% and a net margin of 6.18%. The business had revenue of $345.97 million during the quarter, compared to analyst estimates of $320.50 million. During the same period in the previous year, the firm earned $0.78 EPS. H&E Equipment Services’s quarterly revenue was up 17.4% compared to the same quarter last year. Equities analysts forecast that H&E Equipment Services will post 2.3 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Advisors of Tampa Bay LLC grew its position in shares of H&E Equipment Services by 22.1% in the 4th quarter. Wealth Advisors of Tampa Bay LLC now owns 109,603 shares of the industrial products company’s stock valued at $2,236,000 after purchasing an additional 19,839 shares during the period. BOKF NA boosted its position in H&E Equipment Services by 42.8% during the 4th quarter. BOKF NA now owns 133,973 shares of the industrial products company’s stock worth $2,735,000 after acquiring an additional 40,129 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in H&E Equipment Services during the 4th quarter worth approximately $470,000. Winch Advisory Services LLC boosted its position in H&E Equipment Services by 366.6% during the 4th quarter. Winch Advisory Services LLC now owns 2,333 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 1,833 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in H&E Equipment Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,494,256 shares of the industrial products company’s stock worth $132,012,000 after acquiring an additional 76,348 shares during the last quarter. Institutional investors and hedge funds own 71.52% 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 operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks.

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Analyst Recommendations for H&E Equipment Services (NASDAQ:HEES)

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