H&E Equipment Services (NASDAQ:HEES) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday, Zacks.com reports. The firm presently has a $33.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.92% from the stock’s previous close.

According to Zacks, “H&E Equipment Services, Inc. is one of the largest integrated equipment services companies in the United States with full-service facilities throughout the Intermountain, Southwest, Gulf Coast & Southeast regions of the United States. The Company is focused on heavy construction & industrial equipment and rents, sells & provides parts & service support for four core categories of specialized equipment they are hi-lift or aerial platform equipment, cranes, earthmoving equipment & industrial lift trucks. By providing equipment rental, sales, & on-site parts, repair & maintenance functions under one roof, the Company is a one-stop provider for its customers’ varied equipment needs. This full service approach provides the Company with multiple points of customer contact, enabling it to maintain a high quality rental fleet, as well as an effective distribution channel for fleet disposal & provides cross-selling opportunities among its new & used equipment sales, rental, parts sales & service operations. “

A number of other analysts also recently issued reports on HEES. BidaskClub upgraded shares of H&E Equipment Services from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. ValuEngine upgraded shares of H&E Equipment Services from a “strong sell” rating to a “sell” rating in a report on Thursday, January 24th. UBS Group set a $30.00 target price on shares of H&E Equipment Services and gave the stock a “hold” rating in a report on Friday, March 8th. Finally, Longbow Research initiated coverage on shares of H&E Equipment Services in a report on Friday, March 29th. They set a “buy” rating and a $34.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.33.

NASDAQ HEES opened at $29.75 on Monday. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.62 and a current ratio of 0.90. H&E Equipment Services has a 12-month low of $18.12 and a 12-month high of $40.39. The company has a market capitalization of $1.05 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.85 and a beta of 2.74.

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

A number of institutional investors and hedge funds have recently modified their holdings of HEES. Bank of New York Mellon Corp increased its holdings in H&E Equipment Services by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 322,826 shares of the industrial products company’s stock worth $12,196,000 after buying an additional 4,192 shares during the last quarter. BlackRock Inc. increased its holdings in H&E Equipment Services by 14.4% during the third quarter. BlackRock Inc. now owns 2,603,108 shares of the industrial products company’s stock worth $98,346,000 after buying an additional 326,683 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of H&E Equipment Services by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 963,763 shares of the industrial products company’s stock valued at $36,411,000 after purchasing an additional 138,743 shares during the last quarter. MetLife Investment Advisors LLC increased its holdings in shares of H&E Equipment Services by 49.6% in the third quarter. MetLife Investment Advisors LLC now owns 23,057 shares of the industrial products company’s stock valued at $871,000 after purchasing an additional 7,645 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of H&E Equipment Services by 45.6% in the third quarter. AQR Capital Management LLC now owns 70,328 shares of the industrial products company’s stock valued at $2,657,000 after purchasing an additional 22,035 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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