H&E Equipment Services, Inc. (NASDAQ:HEES) Upgraded at Zacks Investment Research
H&E Equipment Services, Inc. (NASDAQ:HEES) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $26.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 17.22% 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 brokerages have also commented on HEES. BidaskClub lowered H&E Equipment Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Royal Bank Of Canada reaffirmed a “buy” rating on shares of H&E Equipment Services in a research note on Friday, July 28th. Finally, UBS AG reaffirmed a “sell” rating and issued a $16.00 price target (up previously from $15.00) on shares of H&E Equipment Services in a research note on Monday, July 31st.
H&E Equipment Services (NASDAQ HEES) traded down 3.73% during mid-day trading on Wednesday, hitting $22.18. 200,595 shares of the stock traded hands. The firm has a market capitalization of $780.18 million, a P/E ratio of 20.00 and a beta of 2.55. The company has a 50-day moving average of $20.94 and a 200 day moving average of $22.55. H&E Equipment Services has a 1-year low of $12.72 and a 1-year high of $27.54.
H&E Equipment Services (NASDAQ:HEES) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. H&E Equipment Services had a return on equity of 27.93% and a net margin of 4.08%. The company had revenue of $249.40 million during the quarter, compared to analyst estimates of $237.81 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that H&E Equipment Services will post $1.21 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in H&E Equipment Services during the first quarter worth about $1,388,000. Neuberger Berman Group LLC increased its position in H&E Equipment Services by 22.7% in the first quarter. Neuberger Berman Group LLC now owns 27,000 shares of the industrial products company’s stock worth $662,000 after buying an additional 5,000 shares during the period. Columbus Circle Investors increased its position in H&E Equipment Services by 36.2% in the first quarter. Columbus Circle Investors now owns 191,787 shares of the industrial products company’s stock worth $4,703,000 after buying an additional 50,954 shares during the period. Oxbow Advisors LLC purchased a new position in H&E Equipment Services during the first quarter worth about $201,000. Finally, Suntrust Banks Inc. increased its position in H&E Equipment Services by 1.3% in the first quarter. Suntrust Banks Inc. now owns 15,192 shares of the industrial products company’s stock worth $371,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 77.19% of the company’s stock.
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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